Saving money with a Relevant Life Insurance Policy

peterpan567

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

dunstonh

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.