Yes absolutely I always recommend that a life cover is put into a trust, so that the money reaches the right person in a quick and easy manner.  By not putting your life cover in trust means the life cover monies go into the deceased persons estate and has to go through probate before released to the family.  This can take many months and remember if you have a joint mortgage the survivor must pay the monthly mortgage payments or be at risk of losing their home.

Yes you can use your Limited Company as the owner of Life Insurance and Income Protection plans, making it tax efficient as the premiums are classed as expenses of the business and this is HMRC allowable.

Life insurance is essential for several reasons firstly, it provides financial security for your loved ones, ensuring you can maintain your lifestyle, pay off debts, cover living expenses, and achieve your life term goals. Secondly, life insurance can help cover funeral expenses, medical bills and inheritance tax.

Income protection insurance is beneficial for anyone who relies on their income to cover living expenses and support themselves or their family. It is particularly important for self-employed individuals, sole breadwinners and those without sufficient savings or employer provided disability benefits. Even if you have some sick leave, now I need income protection insurance can provide extended coverage and additional financial security.