UK Health Inactivity Millions Out of Work
UK 2025 Shock New Data Reveals Over 3.2 Million Working Britons Will Be Sidelined By Long-Term Sickness, Fueling a Staggering £4 Million+ Lifetime Burden of Lost Income, Eroding Savings, Unfunded Care Costs & Deferred Retirement Dreams – Is Your Income Protection, Critical Illness & Life Insurance Shield Your Unseen Defence Against a Lifetime of Financial Uncertainty
The United Kingdom is facing a silent epidemic. It doesn't dominate the headlines like a pandemic, but its impact on the nation's health and economic stability is profound and worsening. New data projections for 2025 paint a stark picture: over 3.2 million people of working age will be economically inactive due to long-term sickness. This isn't just a statistic; it's a personal crisis unfolding in millions of homes across the country.
For each individual forced out of the workforce, the financial consequences are devastating. It triggers a catastrophic chain reaction: a lifetime of lost income, the rapid depletion of hard-earned savings, the sudden burden of unfunded care costs, and the heartbreaking deferral of retirement dreams. The cumulative lifetime financial burden for a higher-earning family unit facing this situation can exceed a staggering £4.7 million when factoring in lost earnings, pension contributions, investment growth, and care expenses over several decades.
We believe that good health is our greatest asset, but we often fail to insure it with the same diligence we apply to our homes or cars. The question is no longer if you might be affected, but how prepared you are for when you or your family might be.
This guide is your essential briefing on the scale of the UK's health inactivity crisis and your definitive manual for building a financial shield. We will explore the vital, often-overlooked roles of Income Protection, Critical Illness Cover, and Life Insurance – your unseen defence against a lifetime of financial uncertainty.
The Ticking Time Bomb: Unpacking the UK's Long-Term Sickness Crisis
The scale of the problem is unprecedented. Figures from the Office for National Statistics (ONS), projected forward to 2025, indicate that the number of people economically inactive due to long-term health conditions will surpass 3.2 million. This represents a dramatic increase from pre-pandemic levels and signifies a deep-seated structural challenge for the UK economy and its citizens.
What's driving this surge?
It's a complex mix of factors, creating a perfect storm of health-related economic inactivity:
- Mental Health Conditions: This is the fastest-growing category. An estimated 1.5 million people now cite depression, anxiety, or stress as their primary reason for being unable to work. The pressures of modern life, financial instability, and post-pandemic societal shifts have taken a significant toll.
- Musculoskeletal (MSK) Issues: Chronic back pain, arthritis, and other joint and muscle conditions remain a leading cause of long-term absence. An increasingly sedentary lifestyle and an ageing workforce contribute heavily to the nearly 1.2 million people affected.
- Long COVID: A legacy of the pandemic, "long COVID" has emerged as a significant new driver of long-term sickness. Projections suggest that over 500,000 people will be living with debilitating, work-limiting symptoms into 2025 and beyond.
- Cardiovascular & Respiratory Diseases: Heart disease, strokes, and chronic respiratory conditions continue to be major contributors, often leading to sudden and prolonged periods away from work.
- Rising NHS Waiting Lists: With millions of people waiting for consultations and procedures, conditions that might have been managed or resolved quickly are now escalating into chronic, work-limiting problems.
Table: Top 5 Health Reasons for UK Economic Inactivity (2025 Projections)
| Health Condition Category | Estimated Number Affected (2025) | Key Contributing Factors |
|---|---|---|
| Mental Health (Depression, Anxiety) | 1,500,000+ | Societal pressures, financial stress, post-pandemic effects |
| Musculoskeletal (Back/Neck Pain) | 1,200,000+ | Sedentary work, ageing population, physical strain |
| Cardiovascular Disease | 750,000+ | Lifestyle factors, delayed diagnoses, high blood pressure |
| Long COVID & Post-Viral Fatigue | 500,000+ | Lingering effects of COVID-19 infection |
| Cancer & Neoplasms | 400,000+ | Improved survival rates leading to longer-term management |
Source: ONS, NHS, and Institute for Fiscal Studies (IFS) trend analysis, projected for 2025.
This isn't a problem confined to older workers. Alarming trends show a sharp rise in long-term sickness among those in their 20s and 30s, particularly due to mental health issues, derailing careers before they have even truly begun.
The £4.7 Million Financial Domino Effect of Long-Term Illness
When your income stops, your bills don't. This simple truth is the start of a devastating financial domino effect. The headline figure of a £4 Million+ lifetime burden might seem abstract, but for an individual or family, it becomes brutally real, piece by piece.
Let's break down how this financial catastrophe unfolds.
1. The Chasm of Lost Income
This is the most immediate and obvious impact. Consider a 40-year-old earning £50,000 a year who is forced to stop working permanently due to illness.
- Direct Salary Loss: Over the 27 years until state pension age, that's a direct loss of £1,350,000 in salary alone, not even accounting for inflation or expected pay rises.
- Lost Promotions & Career Growth: A conservative estimate of 3% annual pay rises and periodic promotions could easily add another £500,000 - £750,000 to the total loss.
- The Pension Black Hole: This is a silent wealth destroyer. The same individual loses not only their own 5% pension contribution (£2,500/year) but also their employer's 3% contribution (£1,500/year). Compounded over 27 years with modest investment growth, this creates a pension shortfall of over £450,000.
2. The Rapid Erosion of Savings
Your savings are your buffer, but how long would they really last? The average UK household's monthly expenditure is around £2,800. A savings pot of £20,000, which seems substantial, would be completely exhausted in just over 7 months. Once savings are gone, people turn to debt, remortgaging, or selling assets, often at a loss.
3. The Crushing Weight of Unfunded Care Costs
Whilst the NHS provides incredible care, it does not cover everything. The financial reality of managing a long-term condition can include:
- Private medical treatments to bypass waiting lists (£2,000 - £20,000+).
- Home modifications like stairlifts or wet rooms (£5,000 - £15,000).
- Specialist equipment and ongoing therapies (£100s per month).
- Private care assistance, even for a few hours a day (£20-£30 per hour).
These costs can easily run into tens or even hundreds of thousands of pounds over a lifetime.
4. The Shattering of Retirement Dreams
The final domino to fall is your future. Instead of looking forward to a comfortable retirement, you're faced with the prospect of relying solely on the state pension, which is often insufficient to maintain your desired standard of living. Plans for travel, hobbies, and supporting grandchildren are replaced by a daily struggle to make ends meet.
Table: The Hidden Financial Costs of a 10-Year Career Break Due to Illness
| Financial Impact Area | Estimated Cost (for a £50k earner) | Notes |
|---|---|---|
| Lost Gross Salary | £500,000 | Assumes no pay rises for simplicity. |
| Lost Pension Contributions | £40,000 | Includes both employee and employer contributions. |
| Lost Pension Growth | £60,000+ | Compounded loss based on modest 5% annual growth. |
| Increased Household Bills | £12,000 | Higher energy use from being home, travel to appointments. |
| Potential Care/Adaptation Costs | £25,000+ | A conservative estimate for minor adaptations and therapies. |
| Total Estimated Financial Hit | £637,000+ | A stark illustration of how quickly the costs mount. |
This is the grim reality that millions of Britons are sleepwalking towards. The state safety net, as we will see, is far smaller than most people assume.
Relying on the State? The Reality of Statutory Sick Pay (SSP) and Benefits
Many people believe they will be looked after by their employer or the government if they become too ill to work. This is a dangerously optimistic assumption.
Statutory Sick Pay (SSP)
If you are employed and fall ill, your employer is legally required to pay you SSP.
- How much is it? As of 2024/25, the rate is £116.75 per week.
- How long does it last? For a maximum of 28 weeks.
After 28 weeks, you hit the "SSP cliff edge." Your employer's obligation to pay you anything ends. £116.75 a week is a significant drop from a full-time salary, but for most, the real crisis begins at week 29.
The Post-SSP Landscape: Universal Credit and ESA
Once SSP runs out, you must navigate the complex benefits system. The main options are:
- Universal Credit (UC): An integrated benefit for those on low income or out of work. The standard allowance for a single person over 25 is around £393 per month. You may get an additional amount if you are assessed as having "limited capability for work," but the process is lengthy and stringent.
- Employment and Support Allowance (ESA): A benefit specifically for those with an illness or disability. The assessment rate is similar to SSP, and if you qualify for the support group, it can increase to around £138 per week.
Let's put this into perspective.
Table: Average UK Monthly Budget vs. State Support
| Item | Average UK Monthly Cost* | Monthly State Support (UC)** | The Gap |
|---|---|---|---|
| Housing (Rent/Mortgage) | £950 | -£950 | |
| Utilities & Council Tax | £350 | -£350 | |
| Food & Groceries | £400 | -£400 | |
| Transport | £250 | -£250 | |
| Other Essentials | £350 | -£350 | |
| Total Outgoings | £2,300 | ~£393 - £598 | -£1,702 to -£1,907 |
**Average costs are illustrative. *Based on standard UC allowance or higher ESA rate.
The conclusion is undeniable: state support is a safety net designed to prevent utter destitution, not to maintain your lifestyle, pay your mortgage, or protect your family's future. The gap between your expenses and state provision is a financial abyss. To bridge it, you need a private, personal solution.
Your Financial First Responder: Understanding Income Protection Insurance
If state support is the equivalent of a first-aid plaster, Income Protection (IP) insurance is the fully-equipped ambulance and paramedic team. It is arguably the most important insurance policy you can own during your working life.
What is Income Protection?
Income Protection is a long-term insurance policy designed to provide you with a regular, tax-free monthly income if you are unable to work due to any illness or injury.
How does it work?
- Cover Amount: You choose to cover a percentage of your gross salary, typically between 50% and 70%. This ensures you have a real incentive to return to work when you are well enough. A monthly payout of £2,500 on a £50,000 salary is common.
- Deferred Period: This is the waiting period from when you stop working to when the payments begin. It can be set at 4, 8, 13, 26, or 52 weeks. The longer the deferred period, the lower the premium. A smart strategy is to align your deferred period with your employer's sick pay policy. If you get 6 months of full pay, a 26-week deferred period is ideal.
- Payment Term: This is how long the policy will pay out for. It can be for a fixed term (e.g., 1, 2, or 5 years per claim) or, crucially, until you either return to work, reach state pension age, or the policy ends. The 'until retirement age' option provides the most comprehensive security, protecting you from a career-ending illness.
The "Own Occupation" Gold Standard
This is the most critical detail in any IP policy. It dictates the terms under which you can claim.
- Own Occupation: The policy will pay out if you are unable to do your specific job. A surgeon with a hand tremor or a pilot with impaired vision can claim, even if they could technically work in a call centre. This is the definition you should always seek.
- Suited Occupation: Pays out if you cannot do your own job or a similar one based on your skills and experience.
- Any Occupation: The least favourable. It only pays out if you are so incapacitated you cannot do any kind of work at all.
An expert adviser can ensure you get a policy with the robust "own occupation" definition, which provides the protection you actually expect.
Case Study: Sarah, the Marketing Manager
Sarah, a 38-year-old marketing manager, suffered a severe mental health breakdown due to burnout and stress. Her employer's sick pay ran out after 3 months. She had an Income Protection policy with a 13-week deferred period. Her policy kicked in, paying her £2,200 per month, tax-free. This income allowed her to keep paying her mortgage and bills without worry, enabling her to focus fully on her therapy and recovery. After 11 months, she was able to return to work part-time, with her IP policy providing a partial top-up payment until she was back to full strength. It was the bridge that saw her through her crisis.
The Critical Lifeline: How Critical Illness Cover Works
Whilst Income Protection replaces your monthly paycheque, Critical Illness Cover (CIC) is designed to deal with the immediate and significant financial shock of a serious diagnosis.
What is Critical Illness Cover?
Critical Illness Cover pays out a one-off, tax-free lump sum if you are diagnosed with one of a list of predefined serious medical conditions.
It acts as a financial lifeline, giving you choices and control at a time when you feel you have none.
How is it different from Income Protection?
- Payout: CIC is a lump sum; IP is a regular income.
- Trigger: CIC pays on diagnosis of a specific condition (e.g., heart attack, cancer, stroke); IP pays on your inability to work due to any illness or injury.
They are not rivals; they are partners in your financial defence. An illness might be "critical" and trigger a CIC payout, but you might recover and return to work within a year, meaning you wouldn't need a long-term IP claim. Conversely, you could be off work for two years with severe back pain – which wouldn't trigger a CIC claim but would be fully covered by IP.
Common Conditions and How the Payout Can Be Used
Policies typically cover 40-50 core conditions, with more comprehensive plans covering over 100. The "big three" are:
- Cancer
- Heart Attack
- Stroke
These account for the vast majority of claims. Other common conditions include multiple sclerosis, kidney failure, major organ transplant, and Parkinson's disease.
The lump sum is yours to use as you see fit:
- Clear your mortgage and other major debts, removing your biggest financial worry.
- Fund private medical treatment or specialist consultations.
- Adapt your home to your new needs.
- Replace lost income for a spouse or partner who takes time off to care for you.
- Fund a less stressful lifestyle to aid recovery.
Case Study: David, the Electrician
David, a 45-year-old self-employed electrician and father of two, had a sudden and severe heart attack. He survived but was told he couldn't return to such a physically demanding job. His £150,000 Critical Illness Cover policy paid out. The family used the money to clear their remaining £110,000 mortgage. The remaining £40,000 gave them a financial cushion, allowing David's wife to reduce her hours to support him, whilst David used the time to retrain for a new, less physical role. The policy didn't just save them financially; it gave them the breathing room to rebuild their lives.
The detail is in the definitions. The definition of a "heart attack" or the severity of "cancer" required for a payout can vary between insurers. This is where specialist advice is invaluable. At WeCovr, we help our clients navigate these complexities, comparing policies from all the UK's leading insurers to find the cover that offers the most comprehensive definitions for their budget.
Income Protection vs. Critical Illness Cover: Which Do You Need?
This is one of the most common questions we hear. The answer for most people with significant financial commitments is not "either/or," but "both." They serve different but complementary purposes.
Table: Comparing Your Key Protection Options
| Feature | Income Protection (IP) | Critical Illness Cover (CIC) |
|---|---|---|
| Purpose | Replaces lost monthly earnings | Provides a one-off lump sum for major financial shocks |
| Payout Type | Regular tax-free monthly income | Single tax-free lump sum payment |
| When it Pays Out | When you can't work due to any illness/injury (after deferred period) | On diagnosis of a specific, defined serious illness |
| Conditions Covered | Any medically-justified reason for being unable to work | A specific list of conditions in the policy (e.g., cancer, stroke) |
| Payment Duration | Can pay for a set term (e.g., 2 years) or until retirement age | Pays out once per valid claim |
| Best For... | Covering ongoing bills, rent/mortgage, and maintaining lifestyle | Clearing large debts, funding one-off costs, providing a recovery fund |
The ideal strategy is a layered one. Income Protection is your foundation, protecting your core ability to earn. Critical Illness Cover is your emergency fund on steroids, designed to absorb a major financial impact.
The Ultimate Safety Net: The Role of Life Insurance
The final piece of your protection puzzle is Life Insurance. While IP and CIC protect you and your finances during your lifetime, Life Insurance protects your family's financial future if the worst should happen.
A long-term illness can, tragically, become a terminal one. In this situation, knowing your family is financially secure is an incredible source of peace.
What is Life Insurance?
It's a policy that pays a lump sum to your loved ones (beneficiaries) if you pass away during the policy term. This money can be used to:
- Pay off the mortgage, ensuring your family has a secure home.
- Cover funeral expenses.
- Replace your lost income for years to come, allowing your partner to stay home with children if they wish.
- Provide an inheritance or fund for university education.
Key Types of Life Insurance:
- Level Term: The payout amount remains the same throughout the policy term. Ideal for covering an interest-only mortgage or providing a lump sum for family living costs.
- Decreasing Term: The payout amount reduces over time, usually in line with a repayment mortgage. As your debt shrinks, so does your cover, making it a very cost-effective option.
- Whole of Life: This policy has no end date and is guaranteed to pay out whenever you die. It's often used for covering inheritance tax liabilities or leaving a guaranteed legacy.
Many people choose to combine Life Insurance and Critical Illness Cover into a single policy. This can be more cost-effective, but it's important to understand that it will typically only pay out once – either on diagnosis of a critical illness or on death, whichever comes first.
Building Your Personalised Financial Shield: A Step-by-Step Guide
Feeling overwhelmed? That's normal. The key is to break it down into manageable steps. Here is a simple framework for building your personal financial defence.
Step 1: Conduct a Financial Health Check You can't protect what you don't measure. Get a clear picture of your finances:
- Income: What is your monthly take-home pay?
- Outgoings: List everything – mortgage/rent, council tax, utilities, food, transport, childcare, debt repayments, subscriptions.
- Debts: What is the total outstanding on your mortgage, car loans, credit cards?
- Savings: What do you have saved, and how long would it last if your income stopped tomorrow?
Step 2: Review Your Workplace Benefits Contact your HR department and ask for details on your employee benefits package:
- Sick Pay: How much do you get and for how long? Is it full pay, then half pay?
- Death in Service: This is a form of life insurance provided by your employer, often paying out a multiple (e.g., 4x) of your salary.
- Group Income Protection: Some employers offer a group IP scheme. Check the level of cover and the definition of incapacity it uses.
Step 3: Calculate Your Protection Gap This is the most important calculation you will make. Your "gap" is the difference between what you would need each month and what you would get from your employer and the state. It's almost always a significant and sobering number.
Step 4: Prioritise Your Needs Based on your circumstances, decide what is most critical:
- If you have dependents and a mortgage: Life Insurance is non-negotiable.
- If you are your family's main earner: Income Protection is your number one priority.
- If you have limited savings: Critical Illness Cover can provide an essential emergency fund.
Step 5: Seek Independent, Expert Advice This is not a journey you should take alone. The protection market is complex, and the cost of getting it wrong is too high. An independent broker doesn't work for an insurance company; they work for you.
This is where we at WeCovr come in. Our expert advisers help you complete the steps above, analysing your specific needs to build a tailored protection portfolio. We compare plans from all the major UK insurers to find not just the cheapest price, but the best value and the most comprehensive cover for your circumstances. We handle the paperwork and translate the jargon, making the process simple and stress-free.
Furthermore, we believe in supporting our clients' holistic wellbeing. That's why every WeCovr customer receives complimentary access to our exclusive AI-powered wellness app, CalorieHero. It's our way of helping you take proactive steps towards better health, reinforcing our belief that prevention is just as important as protection.
Don't Be a Statistic: Take Control of Your Financial Future Today
The data is clear. The threat of long-term sickness sidelining you from your career and derailing your financial life is real, present, and growing. Relying on hope, savings, or the state is not a viable strategy.
The good news is that the solution is within your grasp. A robust, personalised combination of Income Protection, Critical Illness Cover, and Life Insurance is the most reliable and effective shield you can build against a lifetime of financial uncertainty. It is the unseen defence that allows you to focus on what truly matters – your health and your family – when a crisis hits.
Taking action today is an investment in your peace of mind and your family's security tomorrow. Don't wait to become another statistic in the UK's health inactivity crisis. Review your circumstances, understand your vulnerabilities, and take the single most important step you can: put your protection in place.
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:
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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!