top of page
Agent man presentation and consulting car insurance detail to customer and waiting for his

Life Assurance Advice and Planning in Wakefield

At Olive Tree Wealth Management Ltd, we have 35 years' experience helping people with their financial security.

We advise on life assurance, house insurance, income protection insurance, life insurance and business protection advice in Wakefield and throughout West Yorkshire, including York, Harrogate, Pontefract, Knottingley, Normanton, and Castleford. With our help, you can protect your family and your assets.

First Class Service

No-jargon advice

Financial Conduct Authority Registered


What is the purpose and eligibility criteria for a relevant life insurance policy in the UK?

A relevant life insurance policy enables employers to provide individual death-in-service benefits for their UK-resident employees who are aged 17 - 71 when the policy is established. The policy, which is applied for and paid for by the employer, pays out a tax-free lump sum if the insured employee dies — or is diagnosed with a terminal illness — whilst in the service of the employer.

Relevant life plans are however available only where an employer-to-employee relationship exists — i.e. employees of a limited company. For that reason, relevant life insurance is not available to sole traders, a partnership’s equity partners or equity members of a Limited Liability Partnership.

Employees can use a relevant life policy to provide their own individual ‘death in service’ benefits in addition to those offered by their employer’s group life insurance scheme if such a scheme exists. The premiums paid to a relevant life policy and the benefits paid out, are not included in the employee’s annual or lifetime pension allowances. (Relevant life is a term insurance, so the policy has no surrender value.)

Financial Planning Services

Life Assurance

We can help you protect your loved ones' future with life assurance. If something happens to you, your family will receive a lump sum payment. It can help pay the bills and give them financial security when they need it most.

House Insurance

You've worked hard for your home. With our house insurance, you can protect it from unexpected events like fire or theft. It gives you peace of mind knowing your home is covered.

Income Protection Insurance

If you're unable to work due to illness or injury, income protection insurance can provide a replacement income. It helps you and your family manage financial commitments during a difficult time.

Business Protection

We advise on insurance solutions to protect your business and its key people. It can help with the financial impact of losing a key person, partner, or shareholder.

Financial services, stock analyst researching share price data of a company on the compute
Young business woman protecting house model,


Q: What are some steps businesses can take to protect their most valuable assets, such as their staff and shareholders?

A: Every business needs to protect itself. For most businesses the most valuable asset it has is its people. Without them, a company’s survival could be at serious risk.

With that in mind we can help you take the right steps to protect your people and your business. After all, you already protect many of the important things that keep your business running smoothly, like property, fleets and stock. So you should also insure your most valuable assets: your staff and shareholders.

Q: What is life assurance?

A: Life assurance is a type of insurance that provides a lump sum payment to your family if something happens to you. It can help them with financial security during a difficult time.

Q: What does house insurance cover?

A: House insurance can cover unexpected events like fire or theft, providing protection for your home and belongings.

Q: What financial planning services advise on?

A: We advise on a range of financial planning services, including life assurance, house insurance, income protection insurance, and business protection. We can help protect you, your family, and your business.

People check profit fund graph about cost at home ,Finance managers task,Concept business

"They reviewed my old work pension, and the whole thing was hassle-free."

- Tom via Yell

Happy family with a dog enjoying the countryside lifestyle

Worried about the future? Protect your loved ones with our guidance!

We understand the importance of securing your family's future. Don't leave them vulnerable - contact us today to discuss our life assurance options. 

Chartered Insurance Institute Logo
bottom of page