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Future Proof Your Potential the New Resilience

WeCovr Editorial Team · experienced insurance advisers
Last updated Feb 20, 2026
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TL;DR

In today's fast-paced world, we're taught that success is a simple equation: ambition + hard work = achievement. But what happens when life, in its unpredictable nature, kicks the ladder out from under us? An unexpected illness, a sudden injury, or a family tragedy can derail even the most meticulously planned career and the most passionate ambitions.

Key takeaways

  • The Rise of the Self-Employed: The number of self-employed workers in the UK has grown significantly over the past two decades. While this offers incredible freedom, it also removes the safety net of employer-provided sick pay, death-in-service benefits, and private health schemes.
  • The 'Gig Economy' and Portfolio Careers: Many now juggle multiple roles, freelance projects, or side-hustles. This creates income streams that are often more volatile and less protected.
  • Increased Health Awareness (and Anxiety): The global events of recent years have placed our health front and centre. We are more aware than ever of our vulnerability, and with NHS waiting lists reaching record highs, the reliance on a single, strained system feels increasingly precarious. According to NHS England data from early 2025, millions are on waiting lists for consultant-led elective care.
  • Covering medical costs: Pay for specialist treatments or modifications to your home.
  • Replacing lost income: Allow you or a partner to take time off work to support your recovery.

Future Proof Your Potential the New Resilience

In today's fast-paced world, we're taught that success is a simple equation: ambition + hard work = achievement. We hustle, we grind, we climb ladders. But what happens when life, in its unpredictable nature, kicks the ladder out from under us? An unexpected illness, a sudden injury, or a family tragedy can derail even the most meticulously planned career and the most passionate ambitions.

This is where a new, more profound concept of success emerges: The New Resilience.

It's a form of strength that goes beyond grit. It’s the intelligent fusion of proactive health management and strategic financial protection. It’s the understanding that true freedom to pursue your goals comes not just from what you earn, but from what you protect. This guide isn't about planning for the worst-case scenario; it's about building an unshakeable foundation that empowers you to reach for the best-case scenario, every single day.

The Shifting Sands: Why 'Hustle Culture' Isn't Enough

The traditional notion of a 'job for life' has become a relic of the past. The modern British workforce is more dynamic, fragmented, and entrepreneurial than ever before.

  • The Rise of the Self-Employed: The number of self-employed workers in the UK has grown significantly over the past two decades. While this offers incredible freedom, it also removes the safety net of employer-provided sick pay, death-in-service benefits, and private health schemes.
  • The 'Gig Economy' and Portfolio Careers: Many now juggle multiple roles, freelance projects, or side-hustles. This creates income streams that are often more volatile and less protected.
  • Increased Health Awareness (and Anxiety): The global events of recent years have placed our health front and centre. We are more aware than ever of our vulnerability, and with NHS waiting lists reaching record highs, the reliance on a single, strained system feels increasingly precarious. According to NHS England data from early 2025, millions are on waiting lists for consultant-led elective care.

In this new landscape, sheer determination is insufficient. Resilience requires foresight. It means acknowledging the risks not with fear, but with a plan. It means building a personal infrastructure so robust that a health crisis doesn't automatically become a financial crisis.

Your Greatest Asset: Proactive Health Foresight

Your ability to earn, innovate, and enjoy life is fundamentally tied to your health. Protecting it shouldn't be an afterthought; it should be a primary strategy for success.

A stark projection from Cancer Research UK suggests that 1 in 2 people in the UK will be diagnosed with some form of cancer during their lifetime. This isn't a scare tactic; it's a statistical reality we must prepare for. While the NHS provides incredible care, the system is under immense pressure. The ability to access diagnostics, specialist consultations, and treatments quickly can make a profound difference to outcomes, recovery times, and your ability to return to work.

This is where Private Medical Insurance (PMI) becomes a cornerstone of the new resilience.

The Strategic Advantage of Private Medical Care

Think of PMI not as a luxury, but as a strategic tool. It offers:

  • Speed of Access: Bypass long waiting lists for consultations, scans (MRI, CT), and non-emergency surgery.
  • Choice and Control: Have a say in which specialist and hospital you are treated at.
  • Comfort and Privacy: Access to private rooms can significantly reduce stress during treatment and recovery.
  • Access to Specialist Drugs: Some policies provide cover for drugs and treatments not yet available on the NHS due to funding decisions.

Building this health resilience isn't just about insurance. It's about a holistic lifestyle that bolsters your body and mind.

The Four Pillars of Personal Wellbeing

  1. Strategic Nutrition: Food is fuel for your ambition. A balanced diet rich in whole foods, lean proteins, and healthy fats doesn't just benefit your physical health; it enhances cognitive function, mood, and energy levels. It’s about making intelligent choices that power your brain and body for the long haul.

    • WeCovr Insight: We believe in supporting our clients' holistic wellbeing. That's why, in addition to expert insurance advice, our customers gain complimentary access to CalorieHero, our AI-powered calorie and nutrition tracking app. It's a small way we can help you invest in your health every single day.

  2. The Power of Sleep: In our 'always-on' culture, sleep is often the first sacrifice. Yet, consistent, quality sleep is a non-negotiable performance enhancer. The UK's Sleep Charity highlights that poor sleep can lead to impaired judgement, reduced productivity, and an increased risk of long-term health issues. Prioritising 7-9 hours of quality sleep is a powerful act of self-investment.

  3. Embrace Movement: The NHS recommends at least 150 minutes of moderate-intensity activity a week. This isn't just about weight management. Regular exercise is a potent anti-depressant, a stress reliever, and a major factor in reducing the risk of chronic illnesses like heart disease and type 2 diabetes. Whether it's a brisk walk, a gym session, or a weekend cycle, find what you enjoy and make it a non-negotiable part of your routine.

  4. Mental Fortitude: Your mental health underpins everything. Chronic stress can be as damaging as any physical ailment. Incorporate mindfulness, meditation, or simply dedicated time away from screens into your day. Recognise the signs of burnout and don't be afraid to seek support, whether through therapy, coaching, or talking to trusted friends and family.

Financial Fortitude: The Unshakeable Bedrock of Ambition

While health is your greatest asset, financial security is the bedrock upon which you can build your dreams. Without it, every ambition is fragile. Protection insurance is the architecture of this security, designed to hold firm when life's tremors hit.

Let's break down the essential components.

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Income Protection: Your Personal Salary Guarantee

If your ability to earn an income suddenly stopped due to illness or injury, how long could you maintain your lifestyle? For most, the answer is "not long."

Income Protection is arguably the most crucial insurance for any working adult. It's designed to pay out a regular, tax-free monthly income if you're unable to work due to sickness or an accident. It's your personal sick pay scheme, and it's indispensable, especially for:

  • Nurses: Working in high-stress, physically demanding environments with a significant risk of burnout and injury. NHS sick pay is generous initially but reduces over time, leaving a potential income gap during a prolonged absence.
  • Electricians, Plumbers, and Tradespeople: Your livelihood depends on your physical fitness. An injury on site could mean months without income. A Personal Sick Pay policy, a type of income protection, is tailored for these higher-risk, often self-employed roles.
  • The Self-Employed and Freelancers: You have no employer to fall back on. No work means no pay. Income Protection is your only safety net.
FeatureDescriptionWhy It Matters
PayoutA monthly, tax-free sum (usually 50-70% of your gross income).Replaces your lost salary to cover mortgage/rent, bills, and living costs.
Deferred PeriodThe time you wait before payments start (e.g., 4, 13, 26, 52 weeks).You choose this based on your employer's sick pay or your savings. A longer period means a lower premium.
Payment TermHow long the policy pays out for (e.g., 1-2 years, or until retirement).Long-term cover provides ultimate peace of mind for serious conditions.
'Own Occupation'The best definition of incapacity. It means the policy pays out if you can't do your specific job.Crucial for specialists. A surgeon who injures their hand might do another job, but can't perform surgery. 'Own Occupation' cover would pay out.

Example in Action: Sarah, a 35-year-old freelance graphic designer, earns £4,000 a month. She takes out an Income Protection policy to cover 60% of her income (£2,400/month) with a 13-week deferred period. She develops a severe repetitive strain injury and can't use her computer for 8 months. After 13 weeks, her policy starts paying her £2,400 a month, allowing her to pay her rent and bills while she focuses on physiotherapy and recovery, without draining her life savings. (illustrative estimate)

Critical Illness Cover: A Financial Shield in a Health Crisis

A serious illness diagnosis is emotionally devastating. The last thing you or your family need is the added stress of financial turmoil. Critical Illness Cover (CIC) is designed to prevent this.

It pays out a tax-free lump sum if you are diagnosed with one of a list of predefined serious conditions. The 'big three' typically covered are cancer, heart attack, and stroke, but modern policies can cover 50+ conditions, including multiple sclerosis, major organ transplant, and Parkinson's disease.

This money is yours to use as you see fit:

  • Covering medical costs: Pay for specialist treatments or modifications to your home.
  • Replacing lost income: Allow you or a partner to take time off work to support your recovery.
  • Clearing debts: Pay off a mortgage or loans to reduce financial pressure.
  • Funding a lifestyle change: Give you the freedom to recover without financial worry.

Given the 1-in-2 cancer statistic, CIC is a fundamental part of a resilient financial plan.

Life Protection: Securing Your Legacy

Life Insurance is not for you; it's for the people you leave behind. It provides a financial cushion to ensure your loved ones are not left with a legacy of debt and financial hardship.

There are several forms, each serving a different purpose:

  1. Term Life Insurance: This is the simplest and most common form. It pays out a lump sum if you die within a fixed term (e.g., the 25 years of your mortgage). It's designed to cover major debts and provide for your family during their most dependent years.

  2. Family Income Benefit (FIB): This is an intelligent alternative to a single lump sum. Instead of one large payment, it provides a regular, tax-free monthly or annual income to your family until the end of the policy term. This can be easier for a grieving family to manage, replacing your lost salary in a more natural way and helping with budgeting for school fees, bills, and daily life.

FeatureStandard Term Life InsuranceFamily Income Benefit
PayoutA single, large, tax-free lump sum.A series of smaller, regular, tax-free payments.
Best ForClearing large debts like a mortgage.Replacing a lost monthly salary for ongoing family costs.
CostTypically more expensive for the same level of total cover.Often more affordable as the potential total payout decreases over time.
  1. Gift Inter Vivos Insurance: This is a specialist tool for savvy estate planning. If you gift a large sum of money or an asset (like a property) to someone, it may still be subject to Inheritance Tax (IHT) if you die within seven years of making the gift. A Gift Inter Vivos policy is a life insurance plan designed to pay out a lump sum that covers this potential IHT liability, ensuring your beneficiaries receive the full value of your gift. It’s a powerful way to pass on wealth tax-efficiently.

The Entrepreneur's Shield: Protecting Your Vision

For company directors, business owners, and entrepreneurs, the stakes are even higher. Your personal resilience is intrinsically linked to the resilience of your business. A personal crisis can threaten the very existence of the enterprise you've worked so hard to build.

Smart business protection isn't an expense; it's an investment in continuity and stability.

Key Person Insurance

Who is indispensable to your business? Your top salesperson? Your genius coder? Your operations manager who holds everything together?

Key Person Insurance (or Key Man Insurance) is a policy taken out by the business on the life or health of a crucial employee. If that person were to die or be diagnosed with a critical illness, the policy pays a lump sum to the business. This money can be used to:

  • Recruit a replacement.
  • Cover lost profits during the disruption.
  • Reassure investors and lenders.
  • Repay a business loan that the key person may have guaranteed.

It transforms a potential catastrophe into a manageable business challenge.

Executive Income Protection

Attracting and retaining top talent is a major challenge. An Executive Income Protection policy is a highly valued employee benefit that can set you apart.

Paid for by the company, it provides a replacement income for senior staff if they're unable to work long-term. Unlike a personal policy, it can be treated as a business expense, making it tax-efficient for the company. It demonstrates a profound level of care for your leadership team, fostering loyalty and security.

Relevant Life Cover

This is a tax-efficient death-in-service benefit for individual employees, including company directors. The policy is paid for by the business but pays out to the employee's family or a trust, free from Inheritance Tax. The premiums are not treated as a P11D benefit-in-kind and are often an allowable business expense, making it significantly more cost-effective than a personal life policy for a higher-rate taxpayer.

Building Your Blueprint for Resilience: A Step-by-Step Guide

Feeling overwhelmed? That's normal. Building your resilience plan is a process, not a one-off task. Here’s how to start.

Step 1: Assess Your Foundations Take a clear-eyed look at your situation. Ask yourself:

  • Who depends on me financially? (Spouse, children, ageing parents)
  • What are my major financial commitments? (Mortgage, rent, personal loans, car finance)
  • What are my monthly outgoings?
  • What does my employer provide? (Check your contract for sick pay and death-in-service benefits).
  • What savings or existing cover do I have?

Step 2: Define Your 'Why' What is most important for you to protect?

  • Is it ensuring your mortgage is always paid?
  • Is it guaranteeing your children can go to university?
  • Is it having the freedom to recover from an illness without financial stress?
  • Is it safeguarding the future of your business? Your 'why' will determine the type and level of cover you need.

Step 3: Understand Your Options Review the key protections we've discussed:

  • Income Protection: To replace your salary.
  • Critical Illness Cover: For a lump sum on diagnosis of a serious illness.
  • Life Protection: To provide for your loved ones after you're gone.
  • Business Protection: To secure your enterprise.

Step 4: Seek Expert Guidance The UK insurance market is complex, with dozens of providers and hundreds of policy variations. This is not a journey you should take alone.

Using an expert independent broker is the most effective way to build your resilience plan. At WeCovr, we don't just sell policies; we provide clarity and confidence. Our role is to understand your unique situation, your 'why', and your budget. We then search the entire market, comparing plans from all the major UK insurers like Aviva, Legal & General, Zurich, and Royal London, to find the perfect fit. We translate the jargon, explain the small print, and ensure you get the most comprehensive cover for your premium, empowering you to make the best decision.

Conclusion: The New Resilience is an Active Choice

Ambition and hard work will always be vital ingredients for success. But in our uncertain world, they are incomplete.

The New Resilience is the understanding that true strength is built on a foundation of foresight. It's about proactively managing your health and strategically protecting your finances so that you have the freedom to live boldly.

It’s about transforming ‘what if’ from a source of anxiety into a catalyst for intelligent planning. It’s the peace of mind that allows a freelancer to take creative risks, an electrician to work confidently, a nurse to care for others knowing their own family is cared for, and an entrepreneur to innovate without fear.

This protection isn't a cost. It is the single best investment you can make in your most valuable asset: your potential. It is the ultimate act of empowerment, giving you an unshakeable platform from which to build, to grow, and to truly master your unique journey.


Isn't Income Protection the same as sick pay from my employer?

No, they are very different. Employer sick pay is often limited; you might receive your full salary for a few weeks or months, after which it could reduce significantly or stop altogether. Income Protection is a personal policy that kicks in when your employer's support ends (or if you're self-employed and have none). It can pay out for a much longer period, in some cases right up to retirement age, providing a far more robust and long-term safety net.

How much Critical Illness Cover do I actually need?

There's no single answer, as it's highly personal. A good starting point is to consider what you'd want the money to achieve. Common calculations include covering 1-2 years of your annual salary to allow for recovery, clearing your mortgage and any other major debts, or a combination of both. An expert adviser can help you calculate a figure that aligns with your specific needs and budget.

Can I get protection insurance if I have a pre-existing medical condition?

Yes, in many cases you can. You must be completely honest about your medical history during the application process. The insurer may offer you cover on standard terms, apply an exclusion for your specific condition, or increase the premium. In some cases, they may decline to offer cover. Using a specialist broker is vital here, as we know which insurers are more likely to offer favourable terms for certain conditions.

Is life insurance expensive?

Life insurance is often far more affordable than people think, especially for younger, healthier individuals. For example, a healthy 30-year-old could get a substantial amount of term life cover for the price of a few weekly coffees. The cost depends on your age, health, lifestyle (e.g., whether you smoke), the amount of cover you want, and the length of the policy.

What's the difference between Family Income Benefit and a standard lump-sum life insurance policy?

The main difference is the payout method. A standard term life policy pays out a single, large tax-free lump sum upon death. Family Income Benefit (FIB), on the other hand, pays out a smaller, regular tax-free income (e.g., monthly) from the point of claim until the policy's end date. FIB is often more affordable and can be easier for a family to manage for day-to-day budgeting, as it mimics a lost salary.

As a freelancer, what's the single most important insurance I should consider?

While a combination is best, if you had to choose only one, most advisers would strongly recommend Income Protection. As a freelancer or self-employed person, you have no employer sick pay to fall back on. If you are unable to work due to illness or injury, your income stops immediately. Income Protection is the only policy specifically designed to replace that lost monthly income and protect your ability to pay your bills and maintain your lifestyle.

Sources

  • Office for National Statistics (ONS): Mortality and population data.
  • Association of British Insurers (ABI): Life and protection market publications.
  • MoneyHelper (MaPS): Consumer guidance on life insurance.
  • NHS: Health information and screening guidance.

Related tools

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WeCovr is an FCA‑regulated insurance broker. We may earn a commission if you purchase a policy via us. This guide is written to be impartial and informational.

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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!

There is no need to wait until the renewal of your current policy.
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 experienced 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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Any questions?

Life, income protection, and/or critical illness insurance are safety nets, very important at a difficult time. If anything happened to you before your cover ends, your life or critical illness insurance would pay a lump sum to your family and/or you (if you took a critical illness or income protection cover) to help cover the losses. Being diagnosed with a critical illness can be devastating, and it won't help matters to be also worrying about how you would cope financially. With a life, income protection, or critical illness policy, you can choose how much cover you need, how you want the policy to pay out, and whether you want cover for both you and your partner. Income protection insurance pays you a regular income if you can't work because of sickness or disability and continues until you return to paid work or you retire. Also known as permanent health insurance, it is quite important for anyone who relies on a paycheck to cover their living costs, but it's particularly important if you're self-employed or own a small business, where your income might be a bit less stable.

Life, income protection, and critical illness insurance pay out millions to families every day. Your expert will explain to you that you need to be honest and open when applying for your insurance.

If you're single with no dependants then it may be that you don't need life assurance. However, if you were to become seriously ill and unable to work, you may benefit from a critical illness or income protection policy. They can help you keep up to date with your rent, bills, food, and other expenses.

It's free to use WeCovr to find life, income protection, and critical illness insurance - we never charge you for quotes. Critical illness, income protection, and life insurance is an investment that pays many times over for you and/or your loved ones.

Life, income protection, and critical illness insurance are important financial products that insurance companies take a lot of care and diligence, so speaking to real human beings ensures that they understand your requirements fully so that you can get the right cover.

All of our partners are carefully vetted and authorised by the FCA, which means they are held to the highest standards that the FCA expects from them and treat all customers fairly!

Our insurance partners give us a few pounds when you take out a policy with one of their experts.

The cost of life insurance depends on several factors, including your age, occupation, health status, and the level of coverage you choose. Your life insurance policy is tailored to your needs, and the cost can vary based on the sum assured, policy term, and other factors.

Some life insurance policies offer an option to add critical illness cover as a rider or as a separate policy. This provides a lump sum payment if you are diagnosed with a critical illness covered by your policy, offering financial support during a difficult time.

Yes, life insurance is available to self-employed individuals to provide financial protection for their loved ones in the event of their death. It ensures that your family can maintain their standard of living and cover expenses such as mortgage payments, bills, and education costs.

If you outlive your life insurance policy and it expires without a claim, you will not receive any payout. Term life insurance policies are designed to provide coverage for a specific period, and once that period ends, the policy terminates without any residual value. However, you can typically renew or purchase a new policy if you still need coverage.

Critical illness insurance provides a lump sum payment if you're diagnosed with a serious illness covered by your policy, offering financial support during a difficult time. It can help cover medical expenses, mortgage payments, and other financial obligations while you focus on recovery.

Critical illness insurance covers a range of serious illnesses and medical conditions specified in your policy, such as cancer, heart attack, stroke, and organ failure. The lump sum payment can be used to cover medical treatment, ongoing care, and living expenses during your recovery.

The cost of critical illness insurance varies depending on factors such as your age, health status, lifestyle, and the level of coverage you choose. Our experts can provide personalised quotes to help you find affordable coverage.

Yes, you can have critical illness insurance alongside your health insurance coverage. Critical illness insurance provides additional financial protection specifically for serious illnesses, complementing your health insurance benefits.

Critical illness insurance policies typically have exclusions for pre-existing conditions and certain medical conditions not covered by the policy. It's essential to review the terms and conditions of your policy to understand what is and isn't covered.

Some critical illness insurance policies may provide coverage for recurring illnesses, while others may not. It's crucial to review the policy terms and understand the specific conditions under which you can make additional claims for recurring illnesses. Your insurer can provide more details on their coverage for recurring critical illnesses.

Yes, you can customise your life insurance policy to suit your individual needs and circumstances. Options may include choosing the sum assured, policy term, premium payment frequency, and additional riders for enhanced coverage.

If you miss a premium payment for your life insurance policy, your coverage may lapse, and your policy could be terminated. However, many insurers offer a grace period during which you can make the payment to keep your policy active. It's essential to contact your insurer to discuss your options if you're unable to make a payment.

Yes, you can typically change the beneficiary of your life insurance policy at any time by completing a beneficiary change form provided by your insurer. It's essential to keep your beneficiary designation up to date to ensure that the proceeds are distributed according to your wishes.

Term life insurance provides cover for a fixed period, such as 10, 20 or 30 years, and pays out a lump sum if you die during that time. It’s often chosen to protect a mortgage or to provide financial support while dependants still rely on your income. Whole-of-life insurance is designed to last for the rest of your life and guarantees a payout whenever you die, as long as premiums are maintained. It’s usually more expensive than term insurance and is sometimes used to help with inheritance tax planning or to leave a guaranteed legacy.

Some term life insurance policies offer the option to convert to a whole life insurance policy without the need for a medical exam or new underwriting. This conversion feature allows you to maintain coverage beyond the term of your policy and provides lifelong protection.

Some life insurance policies offer accelerated death benefits or living benefits that allow you to access a portion of the death benefit if you are diagnosed with a terminal illness. This feature provides financial assistance to help cover medical expenses and other costs during your final months.

While having savings can provide a financial cushion during tough times, income protection insurance offers additional security by replacing a portion of your income if you're unable to work due to illness or disability. It ensures that you can maintain your standard of living and cover essential expenses even if your savings are depleted.

Yes, self-employed individuals can claim income protection insurance if they're unable to work due to illness or disability. Income protection provides a regular income stream to replace lost earnings, helping self-employed individuals cover their living expenses and business costs during periods of incapacity.

The waiting period, also known as the elimination period, is the length of time you must wait after becoming unable to work due to illness or disability before you can start receiving benefits from your income protection insurance policy. Waiting periods typically range from 30 to 90 days, but longer waiting periods may result in lower premiums.

Income protection insurance is designed to provide financial support if you're unable to work due to illness or disability, not for redundancy. However, some policies may offer optional redundancy cover or unemployment cover as an additional benefit, providing a lump sum or monthly payments if you're made redundant.

The tax treatment of income protection insurance benefits depends on whether the premiums were paid with pre-tax or after-tax dollars. Benefits from policies funded with after-tax dollars are typically tax-free, while benefits from policies funded with pre-tax dollars may be subject to income tax. It's essential to consult with a tax advisor to understand the tax implications of your income protection insurance benefits.

Income protection insurance provides a regular income stream if you're unable to work due to illness or disability, while critical illness insurance provides a lump sum payment if you're diagnosed with a covered critical illness, such as cancer, heart attack, or stroke. Critical illness insurance offers financial support to cover medical expenses, living costs, or other obligations during your recovery.

Income protection insurance policies typically have a waiting period (also known as an elimination period) during which you do not receive benefits. If you become unable to work before this waiting period ends, you will not receive any income protection benefits until the waiting period has elapsed. It's important to have sufficient savings or other financial resources to cover your expenses during this initial period.

Many income protection insurance policies allow you to increase your coverage amount if your income rises, without the need for additional underwriting or medical examinations. This feature, sometimes called a 'guaranteed insurability option,' ensures that your coverage keeps pace with your increasing income and financial obligations.

The maximum age to purchase critical illness insurance varies depending on the insurer and the specific policy. While some insurers may offer critical illness insurance up to age 70 or beyond, others may have lower age limits. It's essential to check with insurers to determine their age eligibility criteria for purchasing critical illness insurance.

Whether you can get critical illness insurance if you have pre-existing conditions depends on the insurer's underwriting guidelines and the specific medical conditions. Some insurers may offer coverage with exclusions for pre-existing conditions, while others may decline coverage altogether. It's essential to disclose any pre-existing conditions when applying for critical illness insurance and discuss your options with insurers.

While health insurance provides coverage for medical expenses, critical illness insurance offers financial protection for broader expenses associated with a serious illness, such as lost income, household bills, and lifestyle changes. Critical illness insurance complements health insurance by providing additional financial support during a challenging time, ensuring that you can focus on recovery without worrying about financial burdens.

If you don't make a claim on your critical illness insurance during the policy term, you won't receive a benefit payout. However, having critical illness insurance provides peace of mind knowing that you're financially protected if you're diagnosed with a covered critical illness during the policy term. It's a form of financial preparation for unexpected events and offers valuable protection for you and your family.

If you outlive your critical illness insurance policy and don't make a claim for a covered critical illness during the policy term, the coverage will expire, and you won't receive a benefit payout. Critical illness insurance provides financial protection for a specific period, typically until a specified age or policy term, and offers peace of mind knowing that you're prepared for the unexpected.

Yes, many insurers offer optional riders or add-ons that you can add to your critical illness insurance policy for enhanced coverage. Common riders may include waiver of premium, which waives future premium payments if you become disabled, or return of premium, which refunds a portion of your premiums if you don't make a claim during the policy term. It's essential to review available riders with insurers to customise your coverage to meet your specific needs.

To make a claim on your critical illness insurance policy, you'll need to notify your insurer of your diagnosis and submit a claim form along with any required medical documentation, such as medical reports, test results, and physician statements. Once your claim is reviewed and approved by the insurer, you'll receive the lump sum benefit payment, which you can use to cover medical expenses, living costs, or other financial needs during your recovery.

As we age, the likelihood of encountering health complications increases for us all. In the event that you develop a severe medical condition, critical illness protection can assist with the expenses of crucial bills – enabling you to concentrate on recuperation or adjusting to your new health circumstance.

The typical expense of a Critical Illness protection policy will fluctuate based on aspects such as your age and medical background. As per our investigation, you can secure a policy starting from as low as £8 (for a non-smoking 21-year-old individual).

The most prevalent critical illnesses in the UK are cancer, cardiac arrest, and cerebrovascular accident (stroke).

Cancer is one of the primary causes for critical illness insurance claims in the UK. Cancer constitutes over 80% of critical illness cover claims for females and about 45% of critical illness claims for males.

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