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Saving money with a Relevant Life Insurance Policy
peterpan567
Posts: 114 Forumite
I came across this website which has a calculator which shows how much you can save with a relevant life insurance policy instead of a personal life insurance policy if done through my small business.
Has anyone got any feedback from using this type of policy if it is worth changing over too and do you save as much as the calculators states?
Thanks, I put the calculator link below.
http://www.insurance4directors.com/how-much-could-i-save.aspx
Has anyone got any feedback from using this type of policy if it is worth changing over too and do you save as much as the calculators states?
Thanks, I put the calculator link below.
http://www.insurance4directors.com/how-much-could-i-save.aspx
0
Comments
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Whilst there are tax advantages, you lose the economies of scale that a personal plan would have when it comes to pricing. You cannot put the same premium in both the death in service option and the personal term assurance as it would not be the same.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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