UK Income Protection: Mental Health & MSK Claims
The UK's Hidden Sickness Revealed: Why Mental Health & MSK Now Account for Half of All Income Protection Claims – Is Your Income Truly Secure?
The UK's Hidden Sickness: 1 in 2 Income Protection Claims Are For Mental Health & MSK – Is Your Income Safe?
We insure our homes, our cars, and even our pets. Yet, the one thing that underpins our entire lifestyle—our ability to earn an income—is often left completely unprotected. In the UK today, a silent epidemic is unfolding, not in our hospitals' A&E departments, but in our workplaces, home offices, and construction sites. It's a crisis of mental health and musculoskeletal (MSK) conditions, and it's the number one reason people are forced out of work long-term.
The latest industry data paints a stark picture: around half of all new income protection claims are now for mental health and musculoskeletal issues. These aren't rare, abstract problems; they are the grinding reality of modern life for millions. Stress, burnout, anxiety, chronic back pain, and arthritis are now more likely to stop you from working than cancer or a heart attack.
Despite this, a dangerous gap in awareness persists. Most of us believe "it won't happen to me," or that the state or our employer will provide a sufficient safety net. The truth is far more precarious.
This guide will dissect the UK's hidden sickness. We will explore the shocking statistics, debunk the myths about financial support, and provide a definitive overview of Income Protection insurance—the one tool specifically designed to safeguard your financial wellbeing when your health fails. Is your income safe? Let's find out.
The Shocking Reality: Why Your Income is More at Risk Than You Think
The idea of being unable to work for months, or even years, feels remote. We associate long-term illness with major accidents or critical diseases. But the data reveals a different, more common threat.
The Statistics Don't Lie
The UK is facing an unprecedented challenge with long-term sickness. The numbers are not just figures on a page; they represent millions of lives disrupted and financial futures thrown into jeopardy.
- Record-High Sickness Absence: The Office for National Statistics (ONS) reported in early 2025 that the number of people economically inactive due to long-term sickness has hit a new record high of over 2.8 million people. This figure has surged by nearly 800,000 since the pandemic.
- The Leading Causes: The Association of British Insurers (ABI) consistently reports that mental health and musculoskeletal conditions dominate claims. In their latest 2024 analysis, these two categories accounted for a staggering 54% of all new income protection claims.
- A Young Person's Problem: This isn't just an issue for those nearing retirement. Analysis shows that you are far more likely to be off work for an extended period during your working life than you are to die before retirement. For a 35-year-old, the risk of being off work for more than three months is significantly higher than the risk of passing away.
The trend is clear: the very nature of modern work and life is taking a toll on our minds and bodies, making robust financial planning more critical than ever.
Debunking the Myths of the "Safety Net"
Many people assume that if they were to fall ill, a combination of employer sick pay and state benefits would see them through. This is a dangerously optimistic assumption.
Myth 1: "The state will support me."
The UK's state benefits system provides a very basic level of support, which for most people would represent a catastrophic drop in income.
- Statutory Sick Pay (SSP): If you're eligible, your employer must pay you SSP for up to 28 weeks. For 2025/26, the rate is a mere £116.75 per week. This is unlikely to cover even the average person's rent or mortgage, let alone other essential bills.
- Employment and Support Allowance (ESA): After SSP ends, you may be able to claim ESA. The assessment rate while your claim is being processed is low, and even the full post-assessment amount for the work-related activity group is around £138.20 per week. This is a fraction of the average UK salary.
To put this into perspective:
| Income Source | Typical Weekly Amount (2025) | Monthly Equivalent | % of Average UK Salary* |
|---|---|---|---|
| Statutory Sick Pay (SSP) | £116.75 | £506 | 17% |
| Employment Support Allowance (ESA) | £138.20 | £600 | 20% |
| Average UK Salary | £673 | £2,917 | 100% |
Based on ONS median weekly earnings data, annualised.
As the table clearly shows, relying on the state means facing a potential income drop of 80% or more.
Myth 2: "My employer's sick pay scheme is enough."
While some employers offer generous occupational sick pay schemes, they are far from universal and almost always time-limited.
- Limited Duration: A typical company sick pay scheme might offer full pay for 1-3 months, followed by half-pay for another 1-3 months. After that, you are usually dropped onto SSP, if you are eligible. Only a small minority, often in the public sector, have schemes that last longer than six months.
- The "Gig Economy" Gap: For the millions of self-employed freelancers, contractors, and gig economy workers in the UK, there is no employer sick pay at all. For them, one day off ill is one day of lost income.
The conclusion is unavoidable: for any illness that lasts more than a few months, the vast majority of UK workers will face a severe financial cliff-edge.
The Twin Titans of Work Absence: Mental Health & MSK Conditions
Why are these two categories responsible for more than half of all long-term work absences? The answer lies in the pressures of modern life and the nature of these conditions themselves. They are often chronic, debilitating, and deeply intertwined.
Part 1: The Mental Health Crisis in the UK Workforce
Mental health is no longer a taboo subject, but its impact on our ability to work is still underestimated. Conditions like anxiety, depression, and stress are not signs of weakness; they are recognised medical conditions that can make work impossible.
The Scale of the Problem:
- The Mental Health Foundation reports that 1 in 6 people in the past week will have experienced a common mental health problem. In 2023/24, an estimated 17.1 million working days were lost due to these conditions.
- Pressures from the cost-of-living crisis, job insecurity, and an 'always-on' digital culture have created a perfect storm for burnout and mental exhaustion.
Why is it a leading cause for income protection claims?
Unlike a broken leg that heals in six weeks, mental health recovery can be a long and non-linear journey.
- Long-Term Nature: Recovery can take many months, often requiring therapy, medication, and significant lifestyle changes.
- Debilitating Symptoms: Severe anxiety can make it impossible to concentrate, communicate, or even leave the house. Depression can sap all energy and motivation, making the simplest tasks feel monumental.
- Workplace Triggers: The very environment of a high-pressure job can be the primary trigger, meaning a return to work is only possible after a prolonged period of recovery and, sometimes, a change in role.
Part 2: The Musculoskeletal Burden
While mental health affects the mind, musculoskeletal (MSK) conditions are the physical manifestation of wear and tear, injury, and the strains of modern life. They are the aches, pains, and mobility issues that stop us from performing our jobs.
What are MSK conditions?
This is a broad category of over 200 different conditions affecting the bones, joints, muscles, and spine. The most common culprits for work absence include:
- Chronic back pain (upper and lower)
- Neck and shoulder pain
- Arthritis (Osteoarthritis and Rheumatoid)
- Repetitive Strain Injury (RSI)
- Sciatica
The UK's Aching Back (and Joints):
- According to Versus Arthritis, over 20 million people in the UK, almost a third of the population, live with an MSK condition.
- The ONS identifies MSK problems as one of the top two reasons for long-term sickness-related economic inactivity.
- Our lifestyles are a major contributor. Sedentary desk jobs lead to poor posture and weak core muscles, while physically demanding jobs involve repetitive heavy lifting and awkward movements, both leading to chronic issues over time.
The Hidden Connection: Mind and Muscle
It's a mistake to view mental health and MSK conditions in isolation. They are often deeply connected in a vicious cycle.
- Pain causes Stress: Living with chronic pain is mentally draining. It disrupts sleep, limits social activity, and can lead to feelings of frustration, anxiety, and depression.
- Stress causes Pain: Conversely, mental stress causes physical reactions. It makes our muscles tense (especially in the neck, shoulders, and back), which can create and exacerbate pain. This is why a stressful period at work often coincides with a flare-up of back pain or tension headaches.
An effective income protection plan must recognise this link, providing support that addresses both the physical and mental aspects of recovery.
Income Protection Insurance: Your Financial Safety Net
If the state and employer safety nets are full of holes, what is the alternative? The answer is Income Protection (IP) insurance, a policy designed specifically for this purpose. It's often confused with Critical Illness Cover or Life Insurance, but it serves a unique and vital role.
What is Income Protection?
In simple terms, Income Protection insurance is a long-term policy that pays you a regular, tax-free monthly income if you are unable to work due to any illness or injury.
It's designed to replace a significant portion of your lost earnings, allowing you to continue paying your mortgage, rent, bills, and other essential living costs while you focus on recovery. Unlike Critical Illness cover, which pays a one-off lump sum for a specific list of conditions, IP can cover almost any medical condition that stops you from working, including stress and back pain.
How Does It Work? The Key Features Explained
When setting up a policy, you make several key decisions that determine how your cover works and how much it costs. Understanding these is crucial to getting the right protection.
1. The Benefit Amount
This is the monthly sum you receive when you claim.
- How much? You can typically cover 50-70% of your gross (pre-tax) income.
- Why not 100%? The payout is tax-free, so 60% of your gross income is often close to your normal take-home pay. It also provides a financial incentive to return to work when you are well enough.
2. The Deferral Period
This is the agreed waiting period between when you first stop working and when the policy starts paying out.
- Options: Deferral periods typically range from 4, 8, 13, 26, or 52 weeks.
- How to choose? The ideal approach is to align your deferral period with your employer's sick pay scheme. If your company pays you for 3 months (13 weeks), you would choose a 13-week deferral period. The longer the deferral period, the lower your monthly premium.
3. The Payment Period
This is the maximum length of time the policy will pay out for any single claim.
- Short-Term: Some policies offer a limited payment period of 1, 2, or 5 years. These are cheaper but offer less comprehensive protection.
- Long-Term (Full): The most robust policies have a long-term payment period, meaning they will continue to pay out right up until you recover, your policy term ends (e.g., at your planned retirement age of 67), or you pass away. For a serious, long-term condition, this can provide an income for decades.
4. The Definition of Incapacity
This is arguably the most important feature of any policy and defines what "unable to work" actually means. There are three main definitions:
- Own Occupation: The gold standard. The policy pays out if you are unable to do your specific job. For example, a surgeon with a hand tremor could claim even if they were able to work in a different role. This is the most comprehensive and highly recommended definition.
- Suited Occupation: The policy pays out only if you are unable to do your own job or any other job for which you are reasonably qualified by way of education, training, or experience.
- Any Occupation (or Activities of Daily Living): The most restrictive definition. It will only pay out if you are so severely incapacitated that you cannot do any kind of work or are unable to perform several basic daily tasks (like washing, dressing, or feeding yourself). These policies are cheaper but much harder to claim on.
Summary of Key Policy Choices
| Feature | Description | Common Options | Impact on Premium |
|---|---|---|---|
| Benefit Amount | The monthly, tax-free payout | 50-70% of gross income | Higher benefit = Higher premium |
| Deferral Period | The waiting time before payments start | 4, 13, 26, 52 weeks | Longer deferral = Lower premium |
| Payment Period | How long a claim is paid for | 1, 2, 5 years, or 'Full' (to retirement) | Shorter period = Lower premium |
| Incapacity Definition | The test used to assess a claim | Own, Suited, or Any Occupation | 'Own Occupation' is more expensive |
Why Standard Insurance May Not Be Enough for Mental Health & MSK
Given that mental health and MSK are the biggest risks, it's vital to choose a policy that covers them properly. Not all income protection policies are created equal, and the small print matters immensely.
The Importance of Full Underwriting and Honest Disclosure
When you apply for income protection, the insurer will ask detailed questions about your medical history, lifestyle, and occupation. This process is called underwriting.
- Full Medical Underwriting: This is where you provide your full history upfront. The insurer then gives you a clear decision before your policy starts, detailing any exclusions or premium increases (loadings). This gives you certainty. Your policy is "guaranteed" and you know exactly what you are and aren't covered for.
- Moratorium Underwriting: This is more common with other types of health insurance. It's "quicker" as you answer fewer questions, but the insurer only investigates your medical history when you make a claim. This can lead to nasty surprises, with claims being denied for pre-existing conditions you weren't aware would be an issue. For robust IP, full underwriting is always preferable.
It is absolutely critical to be 100% honest and accurate on your application form. Disclosing a past episode of anxiety or a history of back pain may seem daunting, but failing to do so is classed as "non-disclosure" and can give the insurer the right to void your entire policy and refuse a claim, just when you need it most.
Pre-existing Conditions: The Elephant in the Room
What if you already have a history of depression or have seen a physiotherapist for back pain? Can you still get cover?
The answer is often yes, but it depends on the severity, recency, and treatment of the condition. An expert insurance broker is invaluable here. At WeCovr, we deal with underwriters from all the major UK insurers every day. We understand their different stances on various medical conditions.
For a pre-existing mental health or MSK condition, an insurer might:
- Offer Standard Terms: If the issue was minor, a long time ago, and required no significant treatment (e.g., a few sessions of physio for a resolved back strain 5 years ago), they may offer cover with no changes.
- Apply an Exclusion: This is common. They may offer you a policy but exclude claims related to that specific condition (e.g., an exclusion for any "back or spinal" condition). You would still be fully covered for everything else, including mental health, cancer, or an accident.
- Apply a Premium Loading: If they see you as a higher risk, they may increase your premium by a certain percentage. This means you are fully covered for the condition, but you pay more for it.
- Postpone or Decline: For very severe, recent, or chronic conditions, the insurer may postpone a decision for 6-12 months to see if your condition stabilises, or in some cases, decline to offer cover.
Navigating this complex landscape is where professional advice is essential to find the insurer most likely to offer you the most favourable terms.
Beyond the Payout: The Power of Value-Added Benefits
Modern income protection policies have evolved. They are no longer just about sending you money when you're ill. The best providers now include a comprehensive suite of support services, available from day one of your policy—even if you never claim.
These services are designed to support your wellbeing and help you get back on your feet faster.
| Value-Added Service | Description | How It Helps with Mental Health & MSK |
|---|---|---|
| Remote/Virtual GP | 24/7 access to a UK-based GP via phone or video call. | Quick access to medical advice, prescriptions, and referrals without waiting weeks for an NHS appointment. |
| Mental Health Support | Access to a fixed number of therapy or counselling sessions (e.g., CBT). | Early intervention for stress, anxiety, or depression can prevent the condition from becoming severe and leading to time off work. |
| Physiotherapy & Rehab | Access to physiotherapy assessments and sessions, often via video or in-person. | Proactive treatment for back or joint pain can manage the condition and prevent it from becoming a chronic, work-stopping issue. |
| Second Medical Opinion | If you receive a serious diagnosis, you can get a second opinion from a world-leading expert. | Provides peace of mind and access to alternative treatment plans, helping you feel in control of your health. |
| Health & Wellbeing Apps | Access to premium wellness apps for fitness, mindfulness, and nutrition. | Encourages a healthy lifestyle, which can build resilience against both physical and mental health problems. |
These benefits can be worth hundreds or even thousands of pounds a year. They transform an income protection policy from a passive safety net into an active partner in your health and wellbeing.
A Tale of Two Colleagues: A Real-World Scenario
To see the profound impact of having income protection, let's consider a realistic example.
Meet Sarah and Mark. They are both 35-year-old marketing managers at different companies, each earning £50,000 a year. Their essential monthly outgoings (mortgage, bills, food) are around £2,000.
Mark's Story: The Unprotected Fall
Mark experiences a flare-up of a long-standing lower back issue, which develops into debilitating sciatica. His GP signs him off work.
- Months 1-3: Mark is relieved his company has a sick pay policy. He receives his full salary and focuses on getting NHS physio appointments, which have a long waiting list.
- Month 4: His company sick pay ends. He is now on Statutory Sick Pay of £116.75 per week (£506 a month). His income has dropped by over 80%.
- Month 6: The £506 from SSP doesn't even cover his half of the mortgage. He and his partner burn through their savings to cover the shortfall. The financial stress is immense, causing him anxiety and sleepless nights, which in turn makes his pain feel worse. He feels pressured to return to work before he is truly ready.
- The Result: Mark's recovery is slow and fraught with financial worry. His relationship is strained, and his mental health suffers alongside his physical health. He eventually returns to work, but with his savings gone and a deep sense of financial insecurity.
Sarah's Story: The Protected Recovery
Sarah is struggling with severe burnout and anxiety after a stressful year. A combination of therapy and her GP's advice leads her to be signed off work to focus on her mental health.
- Months 1-3: Like Mark, Sarah's company pays her full salary. Critically, she immediately uses her income protection policy's value-added benefits. She accesses a course of private Cognitive Behavioural Therapy (CBT) via a video link, helping her develop coping strategies.
- Month 4: Her company sick pay ends, but her income protection policy, which had a 13-week deferral period, kicks in seamlessly. She starts receiving £2,500 a month, tax-free. This is 60% of her gross salary and covers all her essential outgoings.
- Month 6: With her finances secure, Sarah can dedicate her full energy to recovery. She uses the policy's virtual GP to manage her medication and continues with therapy. There is no financial pressure to rush back to work.
- The Result: After 7 months, Sarah has developed robust coping mechanisms and feels ready for a phased return to work. Her insurer's rehabilitation team liaises with her employer to support this. She returns to her job feeling healthy and in control, with her savings and financial stability intact.
This story illustrates the two core functions of modern income protection: it provides the financial resilience to weather a storm and the proactive health support to help you recover faster.
How to Choose the Right Income Protection Policy
Buying income protection is a significant financial decision. Getting it right requires careful thought and, ideally, expert advice. Here is a step-by-step guide.
1. Assess Your Financial Situation
- Calculate Your Outgoings: Add up all your essential monthly costs: mortgage/rent, council tax, utilities, food, transport, and debt repayments. This is the minimum income you need to replace.
- Check Your Sick Pay: Get a definitive answer from your HR department. How much do they pay and for how long? This will determine your ideal deferral period.
- Review Your Savings: How many months could your savings cover your expenses? This can also influence your choice of deferral period.
2. Understand the Key Policy Levers
- Decide on the benefit amount, deferral period, and payment period that balance your needs and your budget.
- Always prioritise 'Own Occupation' cover, especially if you have a skilled or professional job. Settling for a lesser definition is a false economy.
3. Be Meticulous with Your Application
- Disclose everything about your health, lifestyle (including smoking and alcohol consumption), and occupation. Honesty is the best policy and ensures your cover is watertight.
4. Compare the Whole Market (and the Small Print)
- Don't just use a single price comparison site and pick the cheapest option. The devil is in the detail of the policy wording and the value-added benefits.
- This is where we can help. At WeCovr, our role is to be your expert guide. We use our deep market knowledge to compare policies from all the UK's leading insurers, looking beyond the headline price to find the one that offers the most robust and suitable protection for your individual circumstances, paying close attention to cover for mental health and MSK conditions.
5. Review Your Cover Periodically
- Life isn't static. A pay rise, a new mortgage, starting a family, or going self-employed are all key moments to review your income protection to ensure it still meets your needs.
The Future of Work and Wellbeing
The landscape of health and work in the UK is undergoing a profound shift. The challenge of long-term sickness is now a central economic and social issue. In this new reality, income protection is moving from a niche financial product to an essential pillar of personal financial planning.
Insurers are leaning into this, evolving from being passive financial backstops to becoming active partners in their customers' wellbeing. The integration of health tech, preventative care, and comprehensive rehabilitation support is a trend that will only accelerate.
For individuals, the message is stark but simple. In an age where the biggest threats to your income are the chronic strains of modern life, leaving your financial future to chance is a risk too great to take. Protecting your ability to earn is not a luxury; it's the foundation upon which your entire life is built. Taking control of that protection is one of the most empowering financial decisions you can make.
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.
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