Life Insurance through the Business?

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Lance replied

15 December 2020, 14:23
Originally posted by malvolio View Post

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

this^^^

key man insurance is pretty much the only business insurance that provides life cover.
How it works for a PSC is a different question. I doubt you can insure for lost revenue, but you could probably get cover to ensure the costs of closing the company and distributing the cash to the estate are covered.
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wattaj replied

15 December 2020, 13:38
Originally posted by northernladuk View Post

Why would it?

I have a fair idea how they piss member's money about... I'd rather that that money wasn't mine.
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northernladuk replied

15 December 2020, 13:37
Originally posted by wattaj View Post

BBTTT: is IPSE still considered worthwhile for this sort of thing?

God, that would suck...

Why would it?
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wattaj replied

15 December 2020, 13:33
BBTTT: is IPSE still considered worthwhile for this sort of thing?

God, that would suck...
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northernladuk replied

24 February 2020, 17:19
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.
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Platypus replied

24 February 2020, 16:37
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!

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 :-)
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malvolio replied

24 February 2020, 15:06
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
Leave a comment:
Craig@Clarity replied

24 February 2020, 14:29
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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GhostofTarbera replied

24 February 2020, 14:06
Get it via ipse - they have a very good deal

Sent from my iPhone using Contractor UK Forum
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northernladuk replied

24 February 2020, 14:03
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
Leave a comment:
Platypus started a topic Life Insurance through the Business?

24 February 2020, 13:41
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
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