Life Insurance through the Business? Life Insurance through the Business?
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  1. #1

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    Platypus's Avatar
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    Default Life Insurance through the Business?

    I'm thinking about getting some life insurance, one company is saying that the premiums can be paid by MyCo. How can this be right? (benefits would be payable to my family). They seemed vague when asked about this.

    I don't recall this topic coming up before, before NLUK tells me to check the links and ask my accountant

  2. #2

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    Platypus Platypus Platypus...

    I didn't think you were part of the troll NLUK brigade.

    Relevant Life is the term you need for your search.

    life insurance site:contractoruk.com/forums - Google Search
    'CUK forum personality of 2011 - Winner - Yes really!!!!

  3. #3

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    Get it via ipse - they have a very good deal


    Sent from my iPhone using Contractor UK Forum

  4. #4

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    Quote Originally Posted by Platypus View Post
    I'm thinking about getting some life insurance, one company is saying that the premiums can be paid by MyCo. How can this be right? (benefits would be payable to my family). They seemed vague when asked about this.

    I don't recall this topic coming up before, before NLUK tells me to check the links and ask my accountant
    It can be paid by your company as with all things. However, whether it is disallowable for CT or subject to BIK is a different story. For insurances, if the company paid for it, the question would be who is the beneficiary for the policy which will determine whether there is any BIK charge.

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    Take a look at Key Man insurace, which is for officers of companies rather than real people but has the same effect.

    Agree with GoT, the IPSE version is among the best options
    Blog? What blog...?

  6. #6

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    Quote Originally Posted by northernladuk View Post
    Platypus Platypus Platypus...

    I didn't think you were part of the troll NLUK brigade.
    I deny everything!!!! Got your attention though!


    Quote Originally Posted by northernladuk View Post
    Relevant Life is the term you need for your search.

    life insurance site:contractoruk.com/forums - Google Search
    Ah excellent, thanks! Hope you're well

    Thanks to others for helpful replies too :-)

  7. #7

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    There is a guy that does discounts, can't remember if it's for CUK or IPSE. LPA was it? Long time since I've spoken to them though.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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