RELEVANT LIFE INSURANCE
With the option of including employee significant illness cover
"A redesigned Relevant Life Insurance policy specifically for businesses who want a tax efficient way to offer life insurance to their employees on an individual basis."
HISTORICALLY RELEVANT LIFE PLANS ONLY INCLUDED DEATH BENEFIT
Now businesses can own a Relevant Life Plan that gives the option of including an employee significant illness benefit
The inclusion of employee significant illness benefit was extensively researched by Aviva's internal and external legal counsel. Aviva and HMRC are in agreement that Aviva's Relevant Life Insurance with employee significant illness benefit qualifies as a Relevant Life Insurance product.
The last thing anyone wants when they're seriously ill is to be worried about money on top of everything else. With employee significant illness cover, employees could get the financial support they need in the event of retirement or anticipated retirement, due to their significant illness.
LIFE AND EMPLOYEE SIGIFICANT ILLNESS COVER
Pays out a lump sum if the life covered either dies during the policy term or meets the definiton for one of Aviva's defined employee significant illness conditions during the policy term, survives for at least ten days and the condition results in the retirement, the anticipated retirement or return to work on a reduced capacity of the life covered.