Bright Grey Calculators

All the reasons why
just the way you want them

This section contains reasons why paragraphs for relevant life policy, key person, loan or ownership protection that you can copy and paste into your own documents. Simply choose a type of cover from the links below, and this will take you to a page where you can select the paragraphs you need.

Below is a sample of the types of fields you will find within the reasons why sections.
Please note these are not links.

Introduction

Introduction

Cover purpose

Individual or company share purchase
Automatic accrual

Type of cover

Life Cover
Critical Illness Cover
Life or Critical Illness Cover
Income Cover for Sickness

Method of payment

Level cover
Increasing cover
Decreasing cover

Method of calculation

Multiple of profits
Multiple of salary
Proportion of salary roll

Setting up the plan

Own life under business trust
Life of another under business trust
Life of another
Life of another under a relevant life policy

Rate details

Guaranteed rates
Reviewable rates

Taxation

Companies - own life under business trust
Companies - life of another
Partnerships - own life under business trust
Partnerships - life of another under business trust
Partnerships - life of another (partner)
Partnerships - life of another (employee)
Sole trader - own life under split trust
Sole trader - life of another

Other documents

Cross option agreement - individual share purchase
Cross option agreement - company share purchase
Cross option agreement - life of another (co-owner)
Business trust
Split trust
Letter to HMRC
Board/partners resolution - companies
Board/partners resolution - partnerships

About Bright Grey

Why Bright Grey
Helping Hand




Bright Grey. More financial sense from Royal London

We are backed by the financial strength and stability that comes from being part of the Royal London Group, the UK’s largest mutual life and pensions company.

Bright Grey is a division of The Royal London Mutual Insurance Society Limited which is authorised and regulated by the Financial Services Authority No. 117672.
Group registered VAT number 368 5244 27.

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