Business owners - are you making this smart money move?
Getting your business off the ground is a journey. It can have its twists and turns but overall, it’s one of the most rewarding things you can do.
There are so many boxes to tick when you’re a business owner, insurance can often get put to the bottom of the list. But it’s not too late to sort it, and the sooner you make the switch, the sooner you can start saving.
A smart money move
This policy should be at the top of every business owners list.
Relevant Life Insurance, at its core, is just like a personal life insurance policy but with a cherry on top; the monthly premiums are expensed through your business.
Let’s dive into the nitty-gritty.
The big win with Relevant Life Insurance is how it can help with taxes. When your business pays the premiums, this cash is seen as a business expense, which is a thumbs-up for lowering your taxable profits.
And unlike some other perks you might get, the person covered by the policy doesn’t get hit with extra tax. It’s a win-win for keeping more money in your pocket!
Other ways it can help
Your Relevant Life Insurance policy doesn’t just help save on taxes - it has other benefits too.
Relevant Life Insurance is a type of insurance policy that a business can take out to provide life insurance for an individual employee.
The difference between having a personal life insurance policy in place, and a Relevant Life policy is that you can channel your premiums through your business, you’re essentially minimising the liabilities on your personal assets.
This way, you’re not just ensuring a safety net for your loved ones but also sensibly managing your businesses and your personal financial health.
Switch with Caspian
It couldn’t be easier to switch to a Relevant Life policy, and we can help you do it.
We’ll get the ball rolling, matching the policy with your business's budget, ensuring you bag all the benefits without feeling any financial squeeze.
Why wait? Start today and save some money on your life insurance premiums by making a simple switch.