Fearless Future, Fulfilling Life
Beyond Financial Planning: Why Personal Protection is the Ultimate Accelerator for Your Growth, Relationships, and Well-being, Especially as 1 in 2 in the UK Face a Cancer Diagnosis by 2025
We often view financial planning through the lens of accumulation: saving for a deposit, investing for retirement, building wealth. These are exciting, forward-looking goals. But what about the foundations upon which these ambitions are built? What happens when life, in its unpredictable way, threatens to pull the rug from under our feet?
This isn’t about scaremongering; it's about facing a stark reality with courage and foresight. The latest projections from Cancer Research UK are sobering: one in every two people born after 1960 in the UK will be diagnosed with some form of cancer in their lifetime. Let that sink in. This isn't a remote possibility; it's a statistical coin-flip that affects us all, directly or indirectly.
When faced with such statistics, it's easy to feel powerless. But what if we reframe the conversation? What if we see personal protection—life insurance, critical illness cover, and income protection—not as a morbid cost, but as the single most powerful investment in your ability to live a fearless, fulfilling, and expansive life?
This is the ultimate mindset shift. Protection isn't just a safety net for the worst-case scenario. It is the solid ground that gives you the confidence to leap higher in your career, deepen your relationships without the shadow of financial fear, and prioritise your well-being, knowing you have a robust plan B. It’s the accelerator for your life’s greatest ambitions.
The Elephant in the Room: Confronting Our Vulnerability in 21st Century Britain
The "it won't happen to me" mindset is a powerful psychological defence mechanism, but it's a dangerously fragile one. The health landscape of modern Britain tells a more complex story. Beyond the headline cancer statistic, the realities are clear:
- Cardiovascular Disease: According to the British Heart Foundation, over 7.6 million people in the UK live with heart and circulatory diseases. Every five minutes, someone is admitted to a UK hospital due to a heart attack.
- Strokes: The Stroke Association reports there are over 100,000 strokes in the UK each year—that's around one every five minutes. There are 1.3 million stroke survivors in the UK.
- Mental Health: The Office for National Statistics (ONS) revealed that in 2022, a record 2.8 million people were out of the workforce due to long-term sickness, with a significant rise in mental health conditions and musculoskeletal issues.
- Financial Fragility: The Financial Conduct Authority's (FCA) Financial Lives survey consistently shows a worrying lack of resilience. Millions of UK adults have less than £1,000 in savings, meaning a sudden loss of income would trigger a financial crisis within weeks, not months.
This isn't just about statistics; it's about the tangible impact on real lives, families, and businesses. A sudden illness or injury doesn't just affect your health. It triggers a cascade of financial consequences: lost income, mounting bills, and the potential erosion of a lifetime's savings. The emotional toll is magnified exponentially when financial stress is added to the burden of recovery.
Personal protection is the powerful, practical response to this reality. It's about acknowledging vulnerability not as a weakness, but as a universal human condition that can be planned for, allowing you to live more boldly in the present.
Beyond the Balance Sheet: The Psychological Freedom of Protection
The true value of a robust protection plan extends far beyond the lump sum or monthly income it provides. Its most profound impact is psychological, creating the mental space for you to thrive.
Banishing 'What If' Anxiety
We all carry a low-level hum of anxiety about the future. What if I get seriously ill? What if I can't work? How would my family cope? This "what if" thinking consumes precious mental energy, subtly influencing our decisions and limiting our sense of freedom.
A comprehensive protection plan acts as a powerful antidote. By creating a definitive answer to these questions—"If I get sick, my critical illness cover will pay off the mortgage," or "If I can't work, my income protection will cover my salary"—you effectively silence that nagging voice of doubt. This frees up your cognitive and emotional resources, allowing you to be more present, creative, and engaged in your daily life.
Fuelling Ambition and Calculated Risks
Have you ever held back from starting your own business, going freelance, or making a bold career change because it felt "too risky"? Often, that risk isn't just about success or failure; it's about the fear of losing the financial security of a steady paycheque, especially if you have a family to support.
This is where protection becomes an accelerator for growth.
- For the Aspiring Entrepreneur: Knowing your family's home and lifestyle are secure, regardless of your new venture's initial struggles, gives you the confidence to take the leap. Key Person Insurance can also make your new business more attractive to investors.
- For the Freelancer or Contractor: Income Protection is your personal safety net, allowing you to navigate the natural "feast or famine" cycles of freelance work without the terror of what an illness or injury would mean for your income.
- For the Career Changer: Stepping off the corporate ladder to retrain or pursue a passion project feels far more achievable when you know your core financial obligations are guaranteed.
With a foundation of security, you are empowered to take calculated risks that can lead to immense personal and professional rewards. You are no longer just protecting what you have; you are enabling what you could become.
Strengthening Relationships: Protection as an Act of Love
While we buy protection for ourselves, its benefits radiate outwards, profoundly impacting our most important relationships. Putting a plan in place is one of the most practical and powerful ways to say "I love you."
From Burden to Beneficiary
Imagine a scenario where a primary earner suffers a major stroke. Without a protection plan, their partner is suddenly forced into multiple, conflicting roles: caregiver, crisis manager, and sole financial provider. The stress can be immense, straining the relationship at the very moment it needs to be a source of mutual support.
With a plan in place, the dynamic shifts entirely.
- Critical Illness Cover: A tax-free lump sum could clear the mortgage, remove debt, and pay for private treatment or home modifications. This instantly alleviates the financial pressure.
- Income Protection: A regular monthly income replaces the lost salary, ensuring bills are paid and life can continue with a degree of normality.
This financial security allows a partner or family member to focus on what truly matters: providing love, emotional support, and care. It preserves the integrity of the relationship, ensuring it remains a partnership, not a dynamic of dependency and financial stress.
Facilitating Open and Honest Conversations
The process of arranging protection often forces couples and families to have conversations they might otherwise avoid.
- What are our biggest financial commitments?
- How would we manage if one of us couldn't work?
- What kind of future do we want for our children, no matter what happens?
These discussions, while potentially challenging, are incredibly healthy. They foster a sense of shared responsibility and alignment, strengthening the relationship by building a future based on mutual understanding and a concrete plan.
A Deep Dive into the Personal Protection Toolkit
Understanding the different types of protection is crucial to building a plan that fits your specific needs. Think of it as a toolkit, where each tool has a distinct and vital purpose.
- Life Insurance: This is designed to pay out a sum of money upon your death. Its primary purpose is to provide for your dependents and cover liabilities you leave behind.
- Critical Illness Cover (CIC): This pays out a tax-free lump sum if you are diagnosed with one of a list of specified serious illnesses. Its purpose is to deal with the financial impact of a life-altering diagnosis while you are alive.
- Income Protection (IP): This provides a regular, tax-free monthly income if you are unable to work due to any illness or injury. It's designed to replace your salary and cover your living costs until you can return to work, retire, or the policy term ends.
Here’s a simple breakdown of the main options:
| Product | What it Does | Who It's Best For | How it Pays Out |
|---|---|---|---|
| Term Life Insurance | Pays a lump sum on death during a set term. | People with dependents, mortgages, or other large debts. | Tax-free lump sum. |
| Family Income Benefit | Pays a regular monthly income on death, until the policy term ends. | Families with young children, to replace a lost salary. | Tax-free monthly income. |
| Critical Illness Cover | Pays a lump sum on diagnosis of a specified serious illness. | Anyone whose life would be financially derailed by a major illness. | Tax-free lump sum. |
| Income Protection | Replaces a portion of your monthly income if you can't work due to any illness or injury. | Essential for everyone who earns an income, especially the self-employed. | Tax-free monthly income. |
Two other specialised products are also worth noting:
- Personal Sick Pay: This is often a type of short-term income protection, with shorter deferment periods (e.g., one week) and payment periods (e.g., one or two years). It's incredibly valuable for tradespeople, nurses, and others in riskier jobs who may not have generous employer sick pay.
- Gift Inter Vivos: This is a niche life insurance policy designed for Inheritance Tax (IHT) planning. If you gift a large sum of money or an asset, it can still be subject to IHT if you die within seven years. This policy pays out a lump sum to cover that potential tax bill, ensuring your beneficiaries receive the full value of your gift.
Navigating these options can seem complex. Working with an expert adviser at WeCovr allows you to analyse your specific situation and craft a bespoke plan, combining different elements to create a comprehensive and cost-effective shield.
The Business Owner's Shield: Protecting Your Livelihood and Legacy
For company directors, business owners, and the self-employed, personal and professional finances are often inextricably linked. A personal crisis can quickly become a business catastrophe. Specialised business protection products are designed to build a firewall around your enterprise.
Key Person Insurance
Who is indispensable to your business? It might be you, a co-director with unique skills, or your top salesperson. If that key person were to die or become critically ill, the business could suffer from lost profits, a crisis of confidence from clients, or difficulty securing finance.
Key Person Insurance is taken out and paid for by the business. It pays a lump sum to the business to cover the financial fallout of losing that essential individual, providing the capital needed to recruit a replacement, cover lost revenue, or reassure lenders.
Executive Income Protection
This is a superior form of income protection, paid for by your limited company as a legitimate business expense. It allows directors to secure a high level of personal income replacement if they are unable to work. It’s tax-efficient for the company and provides robust, long-term cover for the individual, far exceeding typical statutory sick pay.
Shareholder or Partnership Protection
What happens to your share of the business if you die? Typically, it passes to your estate, meaning your family inherits it. They may have no interest or ability to run the business, and the surviving shareholders may not have the funds to buy the shares from them. This can lead to conflict, instability, or even the forced sale of the company.
Shareholder Protection provides the surviving shareholders with the funds to purchase the deceased's shares from their estate at a fair, pre-agreed price. This ensures a smooth transition, continuity for the business, and a fair value for the bereaved family.
Here’s how these business protection policies compare:
| Policy | Purpose | Beneficiary | Key Benefit |
|---|---|---|---|
| Key Person Insurance | Protects the business from the financial impact of losing a key employee. | The Business | Business continuity, covers lost profit. |
| Executive Income Protection | Replaces a director's income if they can't work due to illness/injury. | The Director | Tax-efficient for the business, robust cover for the individual. |
| Relevant Life Cover | A tax-efficient 'death-in-service' benefit for directors. | The Director's Family | Provides a lump sum, not treated as a P11D benefit. |
| Shareholder Protection | Enables surviving owners to buy a deceased owner's shares. | Surviving Shareholders | Ensures smooth ownership transition, business stability. |
Beyond the Payout: The Rise of Wellness and Added-Value Services
The modern protection insurance landscape has evolved far beyond simply paying claims. Insurers now recognise that it's in everyone's best interest to help clients stay healthy and get the best possible support when they are unwell.
This has led to a revolution in "added-value benefits," often available from the day your policy starts, at no extra cost. These can include:
- 24/7 Virtual GP Services: The ability to book a video consultation with a GP at any time, day or night, is incredibly convenient and can lead to faster diagnosis and treatment.
- Second Medical Opinions: If you receive a serious diagnosis, many policies give you access to world-leading experts who can review your case and either confirm the diagnosis and treatment plan or suggest alternatives.
- Mental Health Support: Access to a set number of counselling or therapy sessions per year can be a lifeline for dealing with stress, anxiety, or depression.
- Physiotherapy and Rehabilitation Support: Services designed to help you recover from an injury or illness and get back to work sooner.
- Personalised Health and Wellness Apps: Tools to help you manage your fitness, nutrition, and overall well-being.
At WeCovr, we believe in this holistic approach to our clients' health. That’s why, in addition to finding you the best policy, we also provide our customers with complimentary access to our proprietary AI-powered calorie tracking app, CalorieHero. We see it as part of our commitment to your long-term well-being, helping you build healthy habits that complement the financial security your policy provides. These wellness benefits transform insurance from a passive safety net into an active partner in your health journey.
Taking Action: Your Roadmap to a Protected Future
Knowing you need protection and putting it in place are two different things. Here is a simple, four-step roadmap to turn intention into action.
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Assess Your Reality: Take an honest look at your situation.
- Debts: What is your outstanding mortgage? Do you have car loans or credit card debt?
- Dependents: Who relies on your income? Your partner, children, or perhaps even ageing parents?
- Income: What is your monthly income, and what are your essential outgoings?
- Existing Cover: What sick pay do you get from your employer? Do you have any "death-in-service" benefits? Understand what you already have before identifying the gaps.
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Define Your 'Why': Get specific about what you are protecting. This is your motivation.
- "I want to ensure the mortgage is paid off so my family never has to worry about losing their home."
- "I want my income protected so I can continue to pay my bills and not rely on my partner or savings if I'm off work long-term."
- "I want to leave a lump sum to guarantee my children's university education is funded."
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Understand the Costs (and the Cost of Inaction): Premiums are based on your age, health, lifestyle (e.g., whether you smoke), the amount of cover, and the length of the policy. Many people are surprised at how affordable comprehensive cover can be, often costing less than a daily coffee or a monthly subscription service. The key is to weigh this predictable monthly cost against the potentially catastrophic and unpredictable cost of having no cover at all.
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Seek Expert Guidance: This is the most critical step. While comparison websites can give you a headline price, they can't give you advice. They don't understand your unique circumstances or help you navigate the complexities of policy definitions and application forms.
An independent broker, like our team at WeCovr, works for you, not the insurer. Our role is to:
- Listen: We take the time to understand your needs, budget, and your "why."
- Search: We compare plans and prices from all the major UK insurers to find the most suitable and competitive options.
- Advise: We explain the pros and cons of different policies, demystify the jargon, and recommend a solution tailored to you.
- Assist: We help you through the application process, ensuring medical and lifestyle information is disclosed correctly to prevent issues at the point of a claim.
Real-Life Scenarios: How Protection Plays Out
Let's move from the theoretical to the tangible. Here’s how these policies make a life-changing difference in the real world.
Scenario 1: The Young Family and a Cancer Diagnosis
- The People: Liam and Chloe, both 38, with two young children and a £250,000 mortgage. Chloe is diagnosed with a serious form of breast cancer.
- The Problem: Chloe needs to stop working immediately for intensive treatment. Liam wants to reduce his hours to support her and manage childcare. The drop in income, coupled with extra costs for travel to the hospital, creates immense stress.
- The Solution: Five years earlier, they took out a joint life and critical illness policy. Upon diagnosis, the policy pays out a £250,000 tax-free lump sum. They use it to clear their entire mortgage.
- The Outcome: With their biggest financial burden gone, the financial pressure evaporates. Liam can afford to take unpaid leave from work. They can focus completely on Chloe's recovery and their family's well-being, without the terrifying prospect of financial ruin.
Scenario 2: The Self-Employed Tradesperson and an Injury
- The Person: David, a 45-year-old self-employed plumber with no employee benefits.
- The Problem: David falls from a ladder and suffers a complex fracture and nerve damage in his arm. He is told he won't be able to work for at least 12 months. His savings will only last for two months.
- The Solution: David has an Income Protection policy. He chose a 3-month deferment period (the time he has to wait before the policy pays out). After three months, the policy starts paying him £2,500 a month, tax-free.
- The Outcome: The monthly payments cover his mortgage, bills, and living expenses. He can focus on his physiotherapy and rehabilitation without the anxiety of mounting debt. The policy continues to pay out until he is well enough to return to work 14 months later. It saved him from losing his home and his business.
Scenario 3: The Small Business Directors
- The People: Ben and Tom, co-founders and 50/50 shareholders in a successful marketing agency.
- The Problem: Ben dies suddenly from a heart attack at 52. His 50% shareholding passes to his wife in his will. She has no experience in marketing and needs money, so she wants to sell the shares. A competitor makes a lowball offer. Tom doesn't have the personal funds to buy the shares himself.
- The Solution: On the advice of their accountant, Ben and Tom had set up Shareholder Protection insurance years ago. The policy pays out £500,000 to Tom upon Ben's death.
- The Outcome: Tom uses the funds to buy Ben's shares from his widow at the pre-agreed, fair market value. Ben's wife receives the cash she needs, and Tom gains full control of the business, ensuring its stability and continuing its legacy.
Conclusion: Your Life, Fortified
Let's return to our opening thought. Personal protection is not a plan for dying. It is a strategy for living.
It is the freedom to pursue your boldest ambitions, knowing your foundations are secure. It is the peace of mind that allows you to be fully present with the people you love, free from the shadow of financial 'what ifs'. And in a world where a health crisis can affect anyone, it is the ultimate act of control over your future well-being.
By confronting the statistics with a proactive plan, you do more than just mitigate risk. You unlock potential. You build resilience. You create the conditions not just for survival, but for a fearless, fulfilling, and truly thriving life. Don't leave your future to chance. Fortify it.
Is personal protection insurance expensive?
The cost varies widely based on factors like your age, health, lifestyle, the type of cover, and the amount you need. However, many people are surprised by how affordable it can be. A healthy non-smoker in their 30s can often secure significant life insurance cover for less than the cost of a few coffees a week. The key is to remember that the cost of not having cover when you need it can be financially catastrophic for your family.
Will my pre-existing medical condition stop me from getting cover?
Not necessarily. It is crucial to be completely honest about any pre-existing conditions during your application. Depending on the condition, its severity, and how it is managed, an insurer might offer cover on standard terms, increase the premium, or place an "exclusion" on the policy (meaning it wouldn't pay out for claims related to that specific condition). In some cases, they may decline cover, but an expert broker can help you approach specialist insurers who may be able to help.
Do I need life insurance if I'm single with no children?
While life insurance is primarily for dependents, you should still consider other forms of protection. If you have no dependents but have a mortgage, life cover could pay it off so the debt isn't passed to your estate or a co-owner. More importantly, everyone who earns an income should strongly consider Income Protection and Critical Illness Cover. These policies are designed to protect you and your lifestyle, ensuring you can meet your financial commitments if you become too ill or injured to work.
What's the difference between Income Protection and Critical Illness Cover again?
They serve different purposes and work well together. Critical Illness Cover pays a one-off, tax-free lump sum if you're diagnosed with a specific serious illness listed on the policy (e.g., cancer, heart attack, stroke). It's great for clearing debts or funding major life changes. Income Protection pays a regular, tax-free monthly income if you can't work due to *any* illness or injury (not just a specific list). It's designed to replace your salary and cover ongoing living costs until you can get back to work.
Why should I use a broker like WeCovr instead of a comparison site?
Comparison sites give you prices, but they don't give you advice. They can't tell you if a policy is actually right for you, how much cover you need, or help you understand complex definitions. An independent broker like WeCovr works for you. We provide expert advice tailored to your personal circumstances, search the whole market, help you with the application, and can even place your policy in trust to ensure the payout goes to the right people quickly and efficiently. We provide a professional service, not just a list of prices.
How much cover do I actually need?
There's no single answer, as it's entirely personal. A good starting point is to consider clearing your major debts (like your mortgage) and providing a fund for your family to live on. A common rule of thumb for life insurance is to aim for 10 times your annual salary, but this is just a guide. For income protection, you can typically cover 50-60% of your gross annual income. The best way to determine the right amount is to conduct a thorough needs analysis with an expert adviser who can help you calculate a figure that gives you peace of mind without overstretching your budget.
Related guides
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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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!