As a director of a small company it is immensely important for you to know about the Company Director Life Insurance. It is one of those unique covers that allows your company to pay the premiums instead of you, whereby you can save up to 50% per cent of your tax. The company can also show it as business expenditures thereby being entitled to substantial tax benefits. These benefits are availed by the small companies that seek to provide death in service benefits for its employees.