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Group Life Insurance UK

WeCovr Editorial Team · experienced insurance advisers
Last updated Feb 2, 2026
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TL;DR

WeCovr’s guide to company-provided life cover for staff In today's competitive job market, a compelling salary is only part of the story. Forward-thinking UK businesses understand that a truly attractive compensation package extends to employee benefits that provide tangible security and peace of mind. Among the most valued of these is Group Life Insurance, often referred to as a 'death in service' benefit.

Key takeaways

  • The Policy: The employer owns a 'master policy' that covers all eligible members of staff.
  • The Benefit: If a covered employee dies while employed by the company, the policy pays out a tax-free lump sum.
  • The Beneficiaries: This payment goes to the employee's nominated beneficiaries, typically their family or financial dependants.
  • Setup and Consultation: The employer decides to offer the benefit. They'll typically work with a specialist broker, like us at WeCovr, to define their needs and explore the market.
  • Defining the Scheme: The employer sets the rules. This includes:

WeCovr’s guide to company-provided life cover for staff

In today's competitive job market, a compelling salary is only part of the story. Forward-thinking UK businesses understand that a truly attractive compensation package extends to employee benefits that provide tangible security and peace of mind. Among the most valued of these is Group Life Insurance, often referred to as a 'death in service' benefit.

This policy is more than just a line item in a benefits booklet; it's a profound statement of a company's commitment to its people and their families. It provides a financial safety net at the most difficult of times, demonstrating a level of care that fosters loyalty, boosts morale, and helps attract the very best talent.

In this definitive guide, we will explore every facet of Group Life Insurance in the UK. We'll break down how it works, detail the benefits for both employers and employees, and explain how to set up a scheme that's right for your business. Whether you're a director of a large corporation, the owner of a growing SME, or an employee wanting to understand your benefits, this guide is for you.

What is Group Life Insurance? A Plain English Explanation

At its core, Group Life Insurance is a single life insurance policy taken out by an employer to provide cover for a group of its employees. It's one of the simplest and most cost-effective ways for a business to offer a meaningful benefit.

Here’s the straightforward summary:

  • The Policy: The employer owns a 'master policy' that covers all eligible members of staff.
  • The Benefit: If a covered employee dies while employed by the company, the policy pays out a tax-free lump sum.
  • The Beneficiaries: This payment goes to the employee's nominated beneficiaries, typically their family or financial dependants.

The key difference from a personal life insurance policy is that the company pays the premiums, and in most cases, employees are covered without needing to provide any medical information. This makes it an incredibly inclusive and accessible benefit.

A 2024 report from UK public and industry sources (GRiD) highlights the popularity of such schemes, with over 10.3 million people covered by group life assurance policies in the UK — a testament to their value in the modern workplace.

How Does a Group Life Scheme Work in Practice?

The process might sound complex, but it's remarkably streamlined, especially when managed by an expert broker. Let's walk through the typical journey from setup to claim.

  1. Setup and Consultation: The employer decides to offer the benefit. They'll typically work with a specialist broker, like us at WeCovr, to define their needs and explore the market.
  2. Defining the Scheme: The employer sets the rules. This includes:
    • Eligibility: Which employees are covered? (e.g., all permanent UK staff after a 3-month probationary period).
    • Level of Cover: How much will be paid out? This is usually a multiple of the employee's annual salary (e.g., 2x, 4x) or sometimes a fixed lump sum for everyone.
  3. Placing in Trust: The policy is almost always written into a discretionary trust. This is a crucial step. It legally separates the policy proceeds from both the company's and the employee's estates, which has significant tax and administrative advantages. Most insurers provide a 'master trust' to make this process simple for employers.
  4. Enrolling Employees: Eligible employees are automatically added to the scheme. They are asked to complete a simple 'Expression of Wish' or 'Nomination' form, which tells the trustees who they would like the money to go to in the event of their death.
  5. The Claim: In the unfortunate event that an employee passes away, the employer notifies the insurer.
  6. The Payout: Following a straightforward claims process, the insurer pays the lump sum to the trust.
  7. Distribution to Beneficiaries: The trustees then use their discretion, guided by the employee's 'Expression of Wish' form, to distribute the funds quickly and efficiently to the nominated beneficiaries.

A Real-Life Example:

Meet David, a 42-year-old project manager at a UK engineering firm. His employer provides Group Life Insurance at 4x his annual salary of £50,000. David has nominated his wife, Chloe, as his beneficiary. Tragically, David suffers a fatal heart attack. (illustrative estimate)

  1. His employer informs their Group Life insurer.
  2. The insurer pays a £200,000 lump sum into the scheme's trust. (illustrative estimate)
  3. The trustees, following David's nomination, pay the full £200,000 directly to Chloe. (illustrative estimate)
  4. The payment is not subject to Inheritance Tax and arrives much faster than if it had been part of David's will, helping Chloe manage mortgage payments and immediate bills during an incredibly stressful time.

The Compelling Business Case: Why Employers Should Offer Group Life Insurance

Offering this benefit is a strategic business decision with a clear return on investment, touching everything from recruitment to productivity.

Attracting and Retaining Top Talent

In a candidate-driven market, a strong benefits package can be the deciding factor. Research consistently shows that benefits demonstrating a duty of care are highly prized. A 2023 survey by the UK public and industry sources of Personnel and Development (CIPD) found that health and wellbeing benefits are a key driver of employee satisfaction and retention. Group Life Insurance is a foundational part of this offering.

Boosting Morale and Loyalty

Employees who feel valued and protected are more likely to be engaged, loyal, and productive. Knowing that their employer has taken steps to protect their family's financial future fosters a deep sense of security and goodwill. This can translate into lower staff turnover and a more positive company culture.

A Cost-Effective Benefit

Because the risk is spread across a group of people, the premium per employee for a group scheme is significantly lower than what they would pay for an equivalent individual policy. Furthermore, the premiums are typically treated as an allowable business expense, making them deductible against the company's Corporation Tax bill.

Simplicity and Inclusivity

Most group schemes feature a 'Free Cover Limit' (FCL). This is the amount of cover an employee can have without any medical underwriting. For the vast majority of UK schemes, this limit is high enough to cover all employees automatically. This is a huge advantage, as it provides cover for individuals who, due to pre-existing health conditions, might find it difficult or expensive to secure personal life insurance.

Employer BenefitWhy It Matters
Competitive EdgeStand out in the job market and attract high-calibre candidates.
Increased LoyaltyShow you care, reducing staff turnover and recruitment costs.
Improved MoraleReduce employee financial stress, leading to a more focused workforce.
Tax EfficiencyPremiums are a tax-deductible business expense.
InclusivityCover staff members who might otherwise be uninsurable.
SimplicityEasy to set up and administer, especially with a broker.
Get Tailored Quote

The View from the Team: Benefits for Employees

For employees, Group Life Insurance is one of the most reassuring and valuable benefits a company can provide.

Financial Security for Loved Ones

This is the core purpose. The average UK mortgage debt for 2024 stood at over £140,000, and the estimated cost of raising a child to 18 is well over £200,000. A lump-sum payment from a group life policy can be a lifeline, helping a grieving family to:

  • Pay off a mortgage or other significant debts.
  • Cover funeral expenses.
  • Replace lost income to meet daily living costs.
  • Fund future needs like children's education.

Unbeatable Tax Efficiency

The tax treatment of a registered Group Life scheme is exceptionally favourable:

  • No Benefit-in-Kind: The premiums paid by the employer are not considered a taxable benefit, so the employee's tax code is unaffected.
  • Tax-Free Payout: The lump sum paid to beneficiaries is not subject to Income Tax or National Insurance.
  • Inheritance Tax (IHT) Free: By using a trust, the payout does not form part of the employee's estate and is therefore not liable for the 40% Inheritance Tax.

Accessible and Automatic Cover

Perhaps the most underrated benefit is the accessibility. There are no lengthy application forms, no medical exams, and no awkward questions about health or lifestyle (provided cover is below the Free Cover Limit). An employee is simply covered by virtue of working for the company. This provides protection for everyone, regardless of their personal circumstances.

Employee BenefitWhy It Matters
Peace of MindKnowing your family is financially protected if the worst happens.
Tax-Free PayoutBeneficiaries receive 100% of the lump sum, without deductions.
No CostThe employer covers the full premium.
No MedicalsHassle-free cover, even with existing health issues.
Immediate ProtectionCover usually starts as soon as eligibility is met.

Understanding the Costs: What Determines Group Life Premiums?

There is no "standard price" for Group Life Insurance. The premium is calculated based on the specific risk profile of the group being insured. Insurers consider several key factors:

  1. Level of Cover: This is the most significant factor. A scheme offering 4x salary will cost more than one offering 2x salary.
  2. Workforce Demographics: The average age of the employees is crucial. A younger workforce will generally have a lower premium than an older one. The gender split can also have a minor impact.
  3. Industry and Occupation: The nature of the work is a key risk factor. An office-based software company will have a lower premium than a construction firm with staff working at height.
  4. Total Salary Roll: The premium is often calculated as a percentage of the total annual salary of all covered employees.
  5. Scheme Features: Optional add-ons, though many valuable ones are now included as standard.

To illustrate, consider two fictional companies with 50 employees and an average salary of £40,000, both seeking 4x salary cover:

FactorCompany A: Tech StartupCompany B: Haulage Firm
Avg. Age3245
OccupationOffice-based (developers, sales)Riskier (drivers, mechanics)
Illustrative PremiumLowerHigher

This demonstrates why it's vital to get a bespoke quote. Working with a broker like WeCovr allows you to compare quotes from all the leading UK insurers to ensure you are getting the most competitive price for your company's specific profile.

Setting Up Your Group Life Scheme: A Step-by-Step Guide

Establishing a scheme is a logical process. Following these steps will ensure you create a robust and valued benefit.

Step 1: Define Your Objectives and Budget What is your primary goal? Is it to provide a basic safety net, or to create a market-leading benefits package? Deciding on a multiple of salary (e.g., 2x, 3x, or 4x are most common) and understanding your budget is the first step.

Step 2: Determine Eligibility Criteria You need to define who will be covered. To avoid discrimination, the criteria must be objective. Common approaches include:

  • All permanent employees.
  • All employees who have completed their probationary period.
  • All managers or a specific grade of staff.

Step 3: Choose the Level of Cover

  • Multiple of Salary: This is the most popular method as it automatically adjusts the benefit level with an employee's career progression.
  • Fixed Lump Sum: Less common, but can be simpler. For example, every employee is covered for £100,000 regardless of their salary.

Step 4: Understand the Trust As mentioned, using a trust is essential. It ensures the payout goes directly to beneficiaries without being subject to IHT or the delays of probate. Most insurers offer a simple 'Master Trust' that your company can join, removing the legal and administrative burden of setting up your own. Your broker will handle all the necessary paperwork.

Step 5: Engage an Expert Broker This is arguably the most important step. An independent broker does not work for any single insurer. Their role is to work for you. At WeCovr, we take the time to understand your business, your people, and your budget. We then approach the entire market on your behalf—including major providers like Aviva, Legal & General, and Zurich—to find the optimal policy at the best possible price. We manage the application, help set up the trust, and provide ongoing support.

Step 6: Communicate the Benefit to Your Staff Once the scheme is live, clear communication is key. Your employees need to understand:

  • That they are covered.
  • How much they are covered for.
  • The importance of completing an 'Expression of Wish' form.
  • Any additional wellness benefits included with the policy.

The Tax Man Cometh: A Simple Guide to Group Life Tax

The tax efficiency of a registered Group Life Insurance scheme is a major part of its appeal. Here is a clear summary:

PartyTax ImplicationDetails
The Employer✅ Corporation Tax ReliefPremiums are typically an allowable business expense.
The Employee✅ No P11D / BIKIt is not a taxable 'Benefit in Kind', so it doesn't affect their tax code or require NI payments.
The Beneficiaries✅ Tax-Free PayoutThe lump sum is paid free of Income Tax, National Insurance, and, thanks to the trust, Inheritance Tax.

This "triple-lock" of tax advantages makes it one of the most efficient ways for a company to provide a financial benefit to its workforce.

Beyond Group Life: A Holistic Approach to Employee Protection

Group Life Insurance is the foundation, but it's part of a wider ecosystem of 'Group Risk' products that protect employees against different life events. A comprehensive strategy might also include:

  • Group Income Protection: This provides a replacement income (e.g., 75% of salary) if an employee is unable to work for an extended period due to illness or injury. It's designed to protect their lifestyle while they recover.
  • Group Critical Illness Cover: This pays a tax-free lump sum directly to the employee if they are diagnosed with a specific serious condition (e.g., cancer, heart attack, stroke). This money can be used for any purpose, such as adapting their home, paying for private treatment, or simply reducing financial worries.
ProductWhat It CoversWhen It Pays OutWho Gets the Money?
Group LifeDeathUpon the employee's death.Beneficiaries (Family)
Group Income ProtectionLong-term SicknessAfter a deferred period of absence.Employee
Group Critical IllnessSerious IllnessUpon diagnosis of a specified illness.Employee

Special Considerations for Directors, SMEs, and the Self-Employed

Group protection isn't a one-size-fits-all solution. Different business structures have different needs and options.

SMEs and Startups

Many smaller business owners mistakenly believe Group Life is only for large corporations. This is not the case. Insurers are now highly flexible, with many offering schemes for as few as two or three employees. For an SME or startup, a group life policy is a powerful and affordable way to compete with larger firms for talent, signalling that you are a serious and caring employer.

Company Directors

Directors can, and often are, included in a company's main group life scheme. However, for small businesses with only directors or a handful of high-earning employees, a Relevant Life Policy can be a more suitable alternative.

A Relevant Life Policy is effectively a 'group scheme for one'. It's a company-paid individual death-in-service policy that offers the same tax advantages as a larger group scheme: premiums are a business expense, it's not a P11D benefit, and the payout is free of IHT. It's an excellent tool for rewarding key individuals.

The Self-Employed and Freelancers

If you're a sole trader or freelancer, you cannot set up a group life scheme for yourself. You are responsible for your own financial safety net. This makes personal protection policies absolutely essential:

  • Personal Life Insurance: To provide for your family if you pass away.
  • Critical Illness Cover: To provide a lump sum if you become seriously ill.
  • Income Protection: Arguably the most important cover for the self-employed, this replaces your income if you're too ill or injured to work.

Taking control of your personal health is also paramount when you work for yourself. We believe in supporting our clients' holistic wellbeing, which is why we provide complimentary access to our proprietary AI-powered nutrition app, CalorieHero. It's a simple tool to help you track your diet and stay on top of your health goals, because your biggest business asset is you.

The Added Value: Wellbeing Services and Employee Assistance Programmes (EAPs)

Modern Group Life policies have evolved far beyond a simple financial payout. Most leading insurers now bundle a comprehensive suite of wellness services and support tools into their policies, often at no extra cost. These can be used by all employees covered by the scheme, not just when a claim occurs.

These valuable extras can include:

  • 24/7 Virtual GP Service: Allowing employees and often their families to book a video consultation with a GP at their convenience, reducing time off work for appointments.
  • Mental Health Support: Access to confidential counselling sessions, telephone support lines, or digital tools and apps to help manage stress, anxiety, and other mental health challenges.
  • Bereavement Counselling: Professional support for the family of a deceased employee.
  • Probate and Estate Administration Helpline: Practical legal guidance for the executors of an employee's will.
  • Second Medical Opinion Services: The ability to get a second opinion on a diagnosis or treatment plan from a world-leading specialist.

These services transform a Group Life policy from a reactive benefit into a proactive tool for supporting the day-to-day health and wellbeing of your entire workforce.

WeCovr: Your Partner in Building a Resilient Workforce

Group Life Insurance is a powerful, tax-efficient, and highly-valued employee benefit. It demonstrates a company's commitment to its people, helps attract and retain talent, and provides a crucial financial safety net for families when they need it most.

Navigating the market to find the right scheme can feel daunting, but it doesn't have to be. At WeCovr, we specialise in helping UK businesses of all sizes implement robust and affordable employee benefits packages. Our process is built on expertise and simplicity. We listen to your needs, search the entire market to find the most suitable and competitive options, and handle all the administration, from application to trust setup.

Let us help you build a more resilient, loyal, and protected workforce.

Frequently Asked Questions (FAQ)

How many employees do I need for a group life insurance scheme?

While this varies between insurers, many now offer group life schemes for businesses with as few as two or three employees. This makes it a highly accessible benefit even for very small companies and startups.

Is group life insurance a taxable benefit in the UK?

No. For a registered scheme, the premiums paid by the employer are not treated as a P11D benefit-in-kind for the employee. This means the employee does not pay any income tax or National Insurance on the value of the cover they receive.

What happens to the cover if an employee leaves the company?

Typically, the employee's cover under the group scheme ceases when their employment terminates. However, many modern policies include a 'continuation option'. This gives the departing employee the right to take out a personal life insurance policy with the same insurer up to the same level of cover, without needing to provide any further medical evidence. This can be a very valuable option for someone with health conditions.

Do employees need a medical examination to be covered?

Generally, no. Most group life schemes have a 'Free Cover Limit' (FCL). This is the maximum amount of cover an individual can have without any medical underwriting. The FCL is usually set at a level high enough to ensure the vast majority, if not all, employees are covered automatically. Only very high earners whose cover exceeds the FCL may be asked to provide some medical information.

What is the difference between 'group life insurance' and 'death in service' benefit?

The terms are often used interchangeably and essentially refer to the same thing: a benefit provided by an employer that pays out a lump sum if an employee dies while on the company's payroll. 'Group Life Insurance' is the technical name for the insurance policy that funds the 'death in service' benefit.

Can we cover employees who work abroad?

This depends on the insurer and the specifics of the situation. Cover for UK employees on temporary secondments abroad is often possible. Covering foreign nationals working permanently in another country can be more complex and may require a specialist international policy. It's crucial to discuss any non-UK based employees with your broker to ensure the policy is structured correctly.

Sources

  • Office for National Statistics (ONS): Mortality, earnings, and household statistics.
  • Financial Conduct Authority (FCA): Insurance and consumer protection guidance.
  • Association of British Insurers (ABI): Life insurance and protection market publications.
  • HMRC: Tax treatment guidance for relevant protection and benefits products.

Related tools

Life Insurance CalculatorOpen →
Critical Illness CalculatorOpen →
Inheritance Tax CalculatorOpen →
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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.

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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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