UK 2025 Shock Youll Live 20+ Years in Ill Health
UK 2025 Shock Youll Live 20+ Years in Ill Health – Is Your LCIIP Shield Protecting Your Active Life & Financial Freedom, Not Just Your Family & Wealth
UK 2025 Shock: You'll Live 20+ Years in Ill Health – Is Your LCIIP Shield Protecting Your Active Life & Financial Freedom, Not Just Your Family & Wealth?
It’s a strange paradox of modern British life. We are the beneficiaries of medical advancements and public health initiatives that have gifted us longer lives than any generation before. Yet, beneath this triumphant narrative of longevity lies a sobering, and often ignored, reality. A significant portion of these extra years will not be the active, vibrant, golden years we envision.
According to the latest startling data from the Office for National Statistics (ONS), a girl born in the UK today can expect to live to nearly 83. A boy can expect to reach 79. The shock, however, isn't in how long we'll live, but how long we'll be unwell. The ONS data reveals that women will spend, on average, the final 20 years of their lives in a state of "not good" health. For men, it's over 16 years.
Think about that for a moment. Two decades. That’s longer than it takes to raise a child from birth to university. It’s an entire career phase for many. This isn't a distant, abstract problem for a future generation; this is the statistical reality facing you, your partner, and your children today.
This "ill-health gap" presents a profound challenge to the traditional way we think about financial protection. For decades, the conversation has been dominated by one product: life insurance. A vital tool, certainly, designed to protect our families from the financial fallout of our death. But what about the significant, and statistically more likely, risk of living a long life marred by illness? What protects your income, your home, and your independence during those 20 years?
This is where your LCIIP Shield comes in. A comprehensive strategy combining Life Insurance, Critical Illness Cover, and Income Protection is no longer a luxury for the wealthy; it's an essential toolkit for anyone who wants to safeguard their active life and financial freedom, not just their family's inheritance.
In this definitive 2025 guide, we will dissect this longevity paradox, expose the true financial cost of long-term illness, and show you how to construct a robust LCIIP shield that protects you while you live.
The 2025 Longevity Paradox: A Sobering Reality Check
The idea that we’re living longer is universally accepted. But the nuance lies in the quality of that life. The gap between ‘Life Expectancy’ and ‘Healthy Life Expectancy’ (HLE) is the critical data point everyone in the UK needs to understand.
- Life Expectancy: The average number of years a person is expected to live.
- Healthy Life Expectancy (HLE): The average number of years a person is expected to live in a state of "Good" or "Very Good" health.
The difference between these two figures is the average time spent grappling with health problems that limit daily activities. The latest ONS figures for 2020-2022 paint a stark picture.
UK Life Expectancy vs. Healthy Life Expectancy (at Birth)
| Metric | Males | Females | The Ill-Health Gap |
|---|---|---|---|
| Life Expectancy | 78.6 years | 82.6 years | - |
| Healthy Life Expectancy | 62.4 years | 62.7 years | - |
| Years in "Not Good" Health | 16.2 years | 19.9 years | Nearly 20% of life |
Source: Office for National Statistics (ONS), Health state life expectancies, UK: 2020 to 2022.
The situation doesn't dramatically improve as we age. For those reaching the traditional retirement age of 65, a significant portion of their remaining years is also projected to be in poor health. This directly impacts retirement plans, savings, and the ability to enjoy the freedom you’ve worked so hard for.
What Does "Ill Health" Actually Mean?
When we talk about "ill health," it's crucial to move beyond the image of a terminal diagnosis. The reality for most is a long-term battle with chronic conditions. These are the diseases that don't necessarily lead to a quick death but progressively erode your quality of life and your ability to work and function independently.
The NHS and leading health charities identify several key drivers of this health gap:
- Musculoskeletal (MSK) Conditions: This is the leading cause of disability in the UK. It includes osteoarthritis, rheumatoid arthritis, and chronic back pain. Around 20 million people in the UK are affected, with many suffering for years.
- Cardiovascular Diseases: While survival rates from heart attacks and strokes have improved dramatically, they are often life-changing events. The British Heart Foundation estimates 7.6 million people are living with heart and circulatory diseases in the UK.
- Cancer: The "Big C" is a terrifying diagnosis, but the good news is that survival rates have doubled in the last 50 years. According to Cancer Research UK, 1 in 2 of us will be diagnosed in our lifetime. The result? Millions more people are living with and beyond cancer, often dealing with long-term side effects from treatment that can impact their ability to work.
- Mental Health Conditions: Conditions like depression, anxiety, and PTSD are now recognised as major causes of long-term work absence. An estimated 1 in 4 adults in the UK experience at least one diagnosable mental health problem in any given year.
- Neurological Conditions: Progressive diseases like Multiple Sclerosis (MS), Parkinson's, and Motor Neurone Disease (MND) have profound, long-term impacts on an individual's physical capabilities and financial independence.
This isn't about scaremongering. It's about a clear-eyed assessment of risk. The greatest financial risk you face may not be dying too soon, but living too long in a state of ill health, unprepared for the financial consequences.
The Financial Domino Effect of Long-Term Illness
A serious health diagnosis is emotionally devastating. But it also triggers a financial chain reaction that can be just as destructive, pushing even the most financially prudent families to the brink. This happens in two ways: your income disappears while your expenses explode.
The Income Chasm: What Happens When Your Salary Stops?
For most working people, their monthly salary is the bedrock of their financial stability. When a long-term illness prevents you from working, that bedrock crumbles, and the state's safety net is far less robust than many believe.
- Statutory Sick Pay (SSP): This is the legal minimum your employer must pay you. For 2024/2025, it's £116.75 per week. It's paid for a maximum of 28 weeks. The median gross weekly pay for full-time employees in the UK is £682 (ONS, April 2023). This means SSP replaces just 17% of the average worker's income. Can your household survive on a more than 80% pay cut?
- Company Sick Pay: Some generous employers offer more, perhaps full pay for a few months. But very few schemes last longer than 6-12 months. You must check your contract – don't assume.
- State Benefits: Once sick pay ends, you may be able to claim benefits like Employment and Support Allowance (ESA) or Universal Credit. These are complex to apply for, often involve stressful assessments, and provide a basic subsistence-level income, not a replacement for your salary. It is not a system designed to maintain your mortgage payments and current lifestyle.
The Expense Tsunami: The Costs the NHS Doesn't Cover
Simultaneously, as your income vanishes, a wave of new, unforeseen expenses hits. While we are rightly proud of our NHS, it is designed for medical treatment, not for covering the wider financial impact of being sick.
Here are the costs that blindside families:
- Home Modifications: Need a stairlift? That's £2,000-£5,000. Need to convert a downstairs room into a bedroom and add a wet room? That could be £10,000-£20,000.
- Specialist Equipment: While the NHS provides basic aids, you may want or need more advanced wheelchairs, mobility scooters, or specialist beds, costing thousands.
- Care Costs: This is the financial juggernaut. If you need help with daily tasks like washing, dressing, or cooking (domiciliary care), the average cost is £20-£30 per hour. If you need to move into a residential care home, you're looking at an average of £45,000 per year, rising to over £60,000 if nursing care is required (LaingBuisson data). Local authorities only provide funding if your savings and assets (including your home, in some cases) are below a certain threshold (£23,250 in England).
- Hidden Costs: The constant drip-feed of expenses adds up: travel to and from hospital appointments, parking fees, increased heating bills from being at home all day, private physiotherapy or counselling to speed up recovery.
Let's visualise this with a simple, powerful example.
The Financial Impact of Illness: A Typical Scenario
| Financial Factor | Pre-Illness (Healthy & Working) | Post-Illness (Unable to Work) |
|---|---|---|
| Monthly Income | £3,200 (Net Salary) | £505 (Statutory Sick Pay) |
| Key Monthly Outgoings | £1,200 Mortgage | £1,200 Mortgage |
| £400 Council Tax/Utilities | £450 Utilities (at home more) | |
| £500 Groceries/Family Costs | £500 Groceries/Family Costs | |
| £300 Car/Transport | £400 Transport (hospital trips) | |
| New Monthly Costs | £0 | £600 (Private Physio/Care) |
| Total Outgoings | £2,400 | £3,150 |
| Monthly Balance | +£800 Surplus | -£2,645 Deficit |
In this scenario, a family with a healthy £800 monthly surplus is plunged into a £2,645 monthly deficit overnight. Savings are quickly exhausted. Debts begin to mount. The stress is immense. This is the financial reality of long-term illness in the UK, and it’s what a proper LCIIP shield is designed to prevent.
Deconstructing Your LCIIP Shield: More Than Just a "Death Policy"
To combat this modern challenge, you need a modern solution. A robust LCIIP shield is a multi-layered defence, with each component playing a unique and vital role in protecting you and your family while you are living. Let's break down the three core pillars.
1. Income Protection (IP): The Foundation of Your Financial Health
If your ability to earn an income is your most valuable asset, then Income Protection is the insurance for that asset. It is arguably the most important financial protection product for any working adult.
What it is: A policy that pays you a regular, tax-free monthly income if you are unable to work due to any illness or injury.
How it works:
- Benefit Amount: You can typically insure up to 50-70% of your gross salary. This is designed to replace the majority of your take-home pay. A £50,000 salary could secure a monthly benefit of around £2,000.
- Deferred Period: This is the waiting period from when you stop working to when the payments start. You can choose this, with common options being 4, 8, 13, 26, or 52 weeks. The longer the deferred period, the cheaper the premium. You should align it with any company sick pay you receive.
- Payment Term: You can choose a short-term plan that pays out for 1, 2, or 5 years per claim. However, for true peace of mind against chronic conditions, a long-term plan is the gold standard. This will continue to pay you every month right up until your chosen retirement age (e.g., 67) if you can never return to work.
- Definition of Incapacity: This is critical. The best policies use an "Own Occupation" definition. This means the policy will pay out if you are unable to do your specific job. Less comprehensive policies might use "Suited Occupation" (any job you're qualified for) or "Any Occupation" (any job at all), which are much harder to claim on.
IP is your financial bedrock. It pays the mortgage, the bills, and the groceries, month after month, year after year, allowing you to focus on your recovery without the stress of financial ruin.
2. Critical Illness Cover (CIC): The Financial First Responder
While Income Protection replaces your ongoing salary, Critical Illness Cover is designed to deal with the immediate, large-scale financial shock of a serious diagnosis.
What it is: A policy that pays out a one-off, tax-free lump sum if you are diagnosed with one of a list of specified serious medical conditions.
How it helps: The lump sum provides a powerful injection of cash that gives you options and control at a time when you feel powerless. People use the payout to:
- Clear a mortgage or other major debts. Imagine the relief of knowing your home is secure, whatever happens.
- Pay for private medical treatment or specialist consultations to bypass NHS waiting lists.
- Fund home and vehicle adaptations.
- Allow a partner or spouse to take unpaid leave from work to support you.
- Replace lost income for a period of recuperation, or fund a change to a less stressful, lower-paid career post-illness.
Key Features:
- Conditions Covered: Policies have evolved significantly. While the "big three" – specific types of cancer, heart attack, and stroke – are still core, modern comprehensive policies from major insurers now cover 50, 100, or even more conditions. This includes multiple sclerosis, motor neurone disease, Parkinson's, major organ transplants, and permanent blindness or deafness. Many also include "additional payments" for less severe conditions, like an early-stage cancer, providing a smaller payout without ending the policy.
- Children's Cover: Most comprehensive CIC policies now include a level of cover for your children automatically, often at no extra cost. This can be invaluable if your child suffers a serious illness.
3. Life Insurance: The Ultimate Backstop for Your Loved Ones
This is the most well-known form of protection, but it's important to see it as the final piece of the puzzle, not the whole picture.
What it is: A policy that pays out a lump sum to your beneficiaries upon your death.
Its Role in the Shield:
- Debt Repayment: Its primary role is to ensure that your debts, especially your mortgage, do not pass to your family.
- Family Provision: It provides a sum of money to replace your future income, helping your surviving partner and children to maintain their standard of living, cover childcare costs, and fund future education.
- Inheritance Tax (IHT) Planning: For larger estates, a 'Whole of Life' policy written into a trust can be a highly effective way to provide funds to pay the inheritance tax bill, ensuring your assets can pass to your children intact.
By understanding how these three distinct policies work, you can begin to see how they interlock to create a truly comprehensive safety net.
Weaving Your LCIIP Shield: A Holistic Strategy in Action
A financial protection strategy isn't about picking one product. It's about layering them intelligently to cover different risks at different times. The best way to understand this is through a real-world scenario.
Case Study: David, 45, an IT Consultant
David is married with two children, a £250,000 mortgage, and earns £65,000 a year. He's fit and healthy. After a review, he puts in place a holistic LCIIP shield.
- Life Insurance: £250,000 of Decreasing Term Assurance to clear the mortgage if he dies.
- Critical Illness Cover: £100,000 of Level Term cover.
- Income Protection: A long-term plan to pay him £3,000 per month after a 26-week deferred period, payable to age 67.
Two years later, David suffers a severe stroke. It affects his mobility and cognitive function, leaving him unable to continue his high-pressure job.
Here's how his LCIIP shield responds:
- The Immediate Aftermath: David is in hospital and then begins a long period of rehabilitation. His employer pays him his full salary for 26 weeks, so there is no immediate financial panic.
- The CIC Payout: His diagnosis meets the definition of a stroke on his Critical Illness policy. The insurer pays out the £100,000 tax-free lump sum. David and his wife use this money to:
- Pay off a £20,000 car loan and credit card debt, instantly lowering their monthly outgoings.
- Put £60,000 aside in an easy-access savings account to provide a buffer and fund intensive private physiotherapy and speech therapy.
- Use £20,000 to adapt their home, installing a walk-in shower and making the garden more accessible.
- The Income Protection Kicks In: At the end of week 26, his employer's sick pay stops. The very next week, his Income Protection policy starts paying him £3,000 every month, tax-free. This income replaces his salary. It covers the mortgage, the bills, and family living costs.
- The Long-Term Security: David's rehabilitation is slow. After two years, it becomes clear he will never be able to return to his role as an IT consultant. Because he has a long-term, "own occupation" IP policy, the payments continue. He receives £36,000 a year, every year, until he turns 67. This provides his family with two decades of financial security. His life insurance policy remains active throughout.
Without this shield, David's family would have faced having to sell their home, a drastic fall in their standard of living, and unimaginable stress on top of an already tragic situation. With the shield, they had control, options, and security.
This is where expert advice becomes invaluable. At WeCovr, we don't just sell policies; we help you build a comprehensive financial shield. We analyse your specific situation—your income, debts, family needs, and health risks—to recommend a tailored combination of LCIIP products from across the entire UK market.
Busting the Myths: Common Objections and Hard Truths
Despite the clear need, many people hesitate to put protection in place, often due to persistent myths and misunderstandings. Let's tackle them head-on.
Myth 1: "It's too expensive."
The Truth: The cost of not having cover is infinitely higher. Protection is often far more affordable than people think, especially when you are young and healthy. The key is to tailor the cover to your budget.
Example Premiums for a Healthy 35-Year-Old Non-Smoker:
| Policy Type | Cover Amount | Example Monthly Premium | What it Buys You |
|---|---|---|---|
| Income Protection | £2,000/month benefit | ~£35 | Monthly income until retirement |
| Critical Illness Cover | £50,000 lump sum | ~£20 | A major financial buffer |
| Life Insurance | £200,000 lump sum | ~£12 | Mortgage cleared for your family |
| Total LCIIP Shield | Comprehensive Cover | ~£67 | Total Peace of Mind |
Premiums are indicative and vary based on age, health, occupation, and smoker status.
For the price of a couple of weekly takeaways or a premium gym membership, you can secure your entire financial future. By using a broker like WeCovr, you can compare quotes from dozens of insurers to find the most competitive price for the level of cover you need. We do the shopping around for you.
Myth 2: "Insurers never pay out."
The Truth: This is one of the most damaging and persistent myths, and it is demonstrably false. The Association of British Insurers (ABI) publishes official payout statistics every year.
2023 Payout Statistics (for claims made in 2022):
- Total Paid Out: £6.85 billion to individuals and families.
- Overall Payout Rate: 97.4% of all claims were paid.
- Life Insurance: 97.3% of claims paid.
- Income Protection: 91.5% of claims paid.
- Critical Illness Cover: 91.3% of claims paid.
The vast majority of the small percentage of declined claims are due to "non-disclosure" – where the applicant wasn't truthful about their medical history or lifestyle on the application form. Honesty is the best policy.
Myth 3: "The NHS will take care of me."
The Truth: The NHS provides world-class medical care. It does not provide financial care. The most brilliant surgeon in the world cannot help you pay your mortgage. Your GP cannot stop the bank from repossessing your home if you can't afford the payments. You need a separate plan to protect your finances.
Myth 4: "I'm young and healthy, I don't need it yet."
The Truth: Illness and accidents can strike at any age. Tragically, thousands of people in their 20s, 30s, and 40s are diagnosed with cancer, MS, or suffer serious accidents every year. There are two crucial reasons to act when you are young and healthy:
- It's Cheaper: Premiums are based on risk. The younger and healthier you are, the lower the risk to the insurer, and the cheaper your premiums will be for the entire life of the policy.
- You're Insurable: If you wait until you have a health scare, you may find that cover becomes extremely expensive or that insurers add exclusions for your condition – or even decline to offer you cover at all. The time to buy insurance is when you don't think you need it.
The WeCovr Difference: Beyond the Policy
Navigating the world of LCIIP can be complex. The terminology is confusing, and the sheer number of products and providers is overwhelming. This is why working with an expert, independent broker is so vital.
At WeCovr, our entire approach is built around you and the modern risks you face.
- Expert, Holistic Advice: We don't just find you the cheapest price. We take the time to understand your life, your finances, and your goals. We then search the whole market, from Aviva to Zurich, to find the right combination of products with the right features to build your personal LCIIP shield.
- Demystifying the Jargon: We explain the difference between "own occupation" and "any occupation," what "reviewable" vs. "guaranteed" premiums mean, and why writing a policy in trust is usually the best option (and we help you do it for free).
- Application & Claims Support: We guide you through the application process to ensure it's completed accurately, minimising any chance of a problem at the claims stage. And if that difficult time ever comes, we are in your corner, ready to help you and your family with the claims process.
- A Commitment to Your Health: We believe in proactive wellbeing as well as reactive financial protection. That's why WeCovr provides all our customers with complimentary access to our proprietary AI-powered calorie tracking app, CalorieHero. It’s our way of going the extra mile, helping you manage your health today while we secure your financial future for tomorrow.
Your Life is Your Greatest Asset – Insure It Accordingly
The 2025 data is not a forecast; it's a warning. We are living longer, but we are facing many of those extra years with chronic illness. The traditional financial planning model, focused almost exclusively on death, is dangerously obsolete.
The real risk for millions in the UK is not dying too soon, but living a long life shackled by poor health and financial hardship. It's the risk of losing your income, your independence, and the active, vibrant life you planned for yourself.
But this future is not inevitable. You have the power to change the narrative. By building a robust LCIIP shield—layering Income Protection, Critical Illness Cover, and Life Insurance—you can create a fortress around your financial wellbeing. You can ensure that a health shock does not have to become a financial catastrophe.
Don't wait for a diagnosis to be your wake-up call. The time to build your shield is now, while you are strong, healthy, and insurable. Protect what matters most: your health, your income, your independence, and your future. Protect your life, not just your death.
Why life insurance and how does it work?
What is Life Insurance?
Life insurance is an insurance policy that can provide financial support for your loved ones when you or your joint policy holder passes away. It can help clear any outstanding debts, such as a mortgage, and cover your family's living and other expenses such costs of education, so your family can continue to pay bills and living expenses. In addition to life insurance, insurance providers offer related products such as income protection and critical illness, which we will touch upon below.How does it work?
Life insurance pays out if you die. The payout can be in the form of a lump sum payment or can be paid as a replacement for a regular income. It's your decision how much cover you'd like to take based on your financial resources and how much you'd like to leave to your family to help them deal with any outstanding debts and living expenses. Your premium depends on a number of factors, including your occupation, health and other criteria.The payout amount can change over time or can be fixed. A level term or whole of life policy offers a fixed payout. A decreasing term policy offers a payout that decreases over the term of the cover.
With critical illness policies, a payout is made if you’re diagnosed with a terminal illness with a remaining life expectancy of less than 12 months. While income protection policies ensure you can continue to meet your financial commitments if you are forced to take an extended break from work. If you can’t work because you’ve had an accident, fallen sick, or lost your job through no fault of your own, income protection insurance pays you an agreed portion of your salary each month.
Income protection is particularly helpful for people in dangerous occupations who want to be sure their mortgage will always be covered. Income protection only covers events beyond your control: you’re much less likely to be covered if you’re fired from your job or if you injure yourself deliberately.
Questions to ask yourself regarding life insurance
Just ask yourself:👉 Who would pay your mortgage or rent if you were to pass away or fall seriously ill?
👉 Who would pay for your family’s food, clothing, study fees or lifestyle?
👉 Who would provide for the costs of your funeral or clear your debts?
👉 Who would pay for your costs if you're unable to work due to serious illness or disability?
Many families don’t realise that life, income protection and critical illness insurance is one of the most effective ways to protect their finances. A great insurance policy can cover costs, protect a family from inheriting debts and even pay off a mortgage.
Many would think that the costs for all the benefits provided by life insurance, income protection insurance or critical illness insurance are too high, but the great news is in the current market policies are actually very inexpensive.
Benefits offered by income protection, life and critical illness insurance
Life insurance, income protection and critical illness insurance are indispensable for every family because a child loses a parent every 22 minutes in the UK, while every single day tragically 60 people suffer major injuries on the UK roads. Some people become unable to work because of sickness or disability.Life insurance cover pays out a lump sum to your family, loved ones or whomever you choose to get the money. This can be used to secure the financial future of your loved ones meaning they would not have to struggle financially in the event of your death.
If it's a critical illness cover, the payout happens sooner - upon diagnosis of a serious illness, disability or medical condition, easing the financial hardship such an event inevitably brings.
Income protection insurance can be very important for anyone who relies on a pay check to cover their living costs, but it's especially important if you’re self-employed or own a small business, where your employment and income is a bit less stable. It pays a regular income if you can't work because of sickness or disability and continues until you return to paid work or you retire.
In a world where 1 in 4 of us would struggle financially after just four weeks without work, the stark reality hits hard – a mere 7% of UK adults possess the vital shield of income protection. The urgency of safeguarding our financial well-being has never been more palpable.
Let's face it – relying on savings isn't a solution for everyone. Almost 25% of people have no savings at all, and a whopping 50% have £1,000 or less tucked away. Even more concerning, 51% of Brits – that's a huge 27 million people – wouldn't last more than one month living off their savings. That's a 10% increase from 2022.
And don't even think about state benefits being a safety net. The maximum you can expect from statutory sick pay is a mere £109.40 per week for up to 28 weeks. Not exactly a financial lifeline, right?
Now, let's tackle a common objection: "But I have critical illness insurance. I don't need income protection too." Here's the deal – the two policies apply to very different situations. In a nutshell:
- Critical illness insurance pays a single lump sum if you're diagnosed with or undergo surgery for a specified potentially life-threatening illness. It's great for handling big one-off expenses or debts.
- Income protection, on the other hand, pays a percentage of your salary as a regular payment if you can't work due to illness or injury. It's the superhero that tackles those relentless monthly bills.
Types of life insurance policies
Common reasons for getting a life insurance policy are to:✅ Leave behind an amount of money to keep your family comfortable
✅ Protect the family home and pay off the mortgage in full or in part
✅ Pay for funeral costs
Starting from as little as a couple of pounds per week, you can do all that with a Life Policy.
Level Term Life Insurance
One of the simplest forms of life insurance, level term life insurance works by selecting a length of time for which you would want to be covered and then deciding how much you would like your loved ones to receive should the worst happen. Should your life insurance policy pay out to your family, it would be in a lump sum amount that can be used in whatever way the beneficiary may wish.
Decreasing Term Life Insurance
Decreasing term life insurance works in the same way as level term, except the lump sum payment amount upon death decreases with time. The common use for decreasing term life cover is to protect against mortgage repayment as the lump sum decreases along with the principal of the mortgage itself.
Increasing Term Life Insurance
Increasing term life insurance aims to pay out a cash sum growing each year if the worst happens while covered by the policy. With increasing term life cover amount insured increases annually by a fixed amount for the length of the policy. This can protect your policy's value against inflation, which could be advantageous if you’re looking to maintain your loved ones’ living standards, continue paying off your mortgage in line with its repayment schedule and cover your children’s education fees.
Whole of Life Insurance
Whereas term life insurance policies only pay out if you pass away during their term, whole of life insurance pays out to your beneficiaries whenever this should happen. The most common uses for whole life insurance are to cover the costs of a funeral or as a vehicle for your family's inheritance tax planning.
Family Income Benefit
Family income benefit is a somewhat lesser-known product in the family of life insurance products. Paying out a set amount every month of year to your beneficiaries, it is the most cost-effective way of maintaining your family's living standards to an age where you'd expect them to be able to support themselves financially. The most common use would be for a family with children who are not working yet so are unable to take care of themselves financially.
Relevant Life Insurance
Relevant Life Insurance is a tax-efficient policy for a director or single employee. A simple level term life insurance product, it is placed in a specific trust to ensure its tax efficiency. The premiums are tax deductible and any benefit payable should a claim arise is also paid out tax free, which makes it an attractive product for entrepreneurs and their businesses.
Important Fact!
We can look at a more suitable option mid-term!
Why is it important to get life insurance early?
👉 Many people are very thankful that they had their life, income protection, and critical illness insurance cover in place before running into some serious issues. Critical illness and income protection insurance is as important as life insurance for protecting your family's finances.👉 We insure our cars, houses, bicycles and even bags! Yet our life and health are the most precious things we have.
Easily one of the most important insurance purchases an individual or family can make in their lifetime, the decision to buy life, income protection, critical illness and private medical health insurance can be made much simpler with the help of FCA-authorised advisers. They are the specialists who do the searching and analysis helping people choose between various types of life insurance policies available in the market, including income protection, critical illness and other types of policies most suitable to the client's individual circumstances.
It certainly won't do any harm if you speak with one of our experienced FCA-authorised insurance partner experts who are passionate about advising people on financial matters related to life insurance and are keen to provide you with a free consultation.
You can discuss with them in detail what affordable life, income protection, critical illness or private medical health insurance plan for the necessary peace of mind they would recommend! WeCovr works with some of the best advisers in the market.
By tapping the button below, you can book a free call with them in less than 30 seconds right now:
Our Group Is Proud To Have Issued 800,000+ Policies!
We've established collaboration agreements with leading insurance groups to create tailored coverage
How It Works
1. Complete a brief form
2. Our experts analyse your information and find you best quotes
3. Enjoy your protection!
Any questions?
Learn more
Who Are WeCovr?
WeCovr is an insurance specialist for people valuing their peace of mind and a great service.👍 WeCovr will help you get your private medical insurance, life insurance, critical illness insurance and others in no time thanks to our wonderful super-friendly experts ready to assist you every step of the way.
Just a quick and simple form and an easy conversation with one of our experts and your valuable insurance policy is in place for that needed peace of mind!