We've designed this cover to meet the specialist needs of equity partners and members of limited liability partnerships.
Although the post-A-day tax rules do allow equity partners to be covered under a registered group life scheme, in practice this would mean more administration for your clients because tax relief can only be given at source. That's why we've designed our equity partner group life cover to be an excepted group life policy. Tax relief doesn't have to be given at source. Plus, the benefits paid out won't count towards the lifetime allowance, which is good news for high-earning partners*.
Equity partner group life cover is available on a lump sum basis only and the same benefit formula must be applied for all partners.
Benefits for your clients
- Our competitive rates are guaranteed for two years.**
- We'll take into account any other group life covers (except spouse and partner cover) held with us when calculating free cover and rates.
- We can provide cover for equity partners seconded overseas.
- RED ARC bereavement support can help partners and their families to cope with the effects of terminal illness and bereavement.
- And don't forget we can now offer cover to age 75.
More product information
For more details about this product and information you can use with clients, please take a look at our literature.
For more information on getting a quote or setting up a scheme, please choose 'Quotes and scheme set-up' from the menu on the left.
*The lifetime allowance is the maximum amount of tax-advantaged benefit an individual can receive from all the registered schemes of which they're a member. This includes pension and lump sum payments (including lump sum death benefits) and is set at £1.65 million for 2008/9.
**Subject to terms and conditions.