New Tax Break in Life Insurance for Climbers

There is a new policy called The Relevant Life Policy which takes into account your sport.

High above Little Tryfan on Pinnacle Rib Route. Climbers - Alex Eve and Mick Ryan, 171 kb
Multi-pitch climbing in North Wales. Climbers: Alex Eve and Mick Ryan

A small number of progressive insurance companies have developed this new contract in line with their forward thinking and "can do" philosophy.

The relevant life policy is available to directors of limited companies and employees. The premiums are paid by the company which can result in up to 60% tax savings on a gross premium when compared to a traditional life policy – an excellent tax efficient way of arranging cover.

Summit Financial Services have negotiated favourable terms for BMC/MCofS members.

Insurance can usually be arranged for members who climb up to 4,000 metres altitude at normal premiums. These can be substantially cheaper than those offered to a non-climber with a traditional life policy. Even mountaineers who exceed this limit of altitude can take advantage of this tax break at specially negotiated rates.

Don't go solo - partner up with Summit Financial Services - this is a wonderful opportunity if you are considering taking out a life insurance policy to provide funds for your family should the worst happen.

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