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Legal General Life Cover Options for Young Families

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

Starting a family is one of life’s most exciting adventures. From the joy of a first home to the pitter-patter of tiny feet, each milestone brings new responsibilities. Amidst the excitement, a crucial question emerges for many young parents: "How do we protect our family's future if the worst should happen?"

Key takeaways

  • Cover lost income while you recover.
  • Pay for private medical treatment or home modifications.
  • Clear debts, reducing financial stress at a difficult time.
  • Allow your partner to take time off work to care for you.
  • Wellbeing Support: Access to registered nurses who can provide emotional support, guidance after a diagnosis, or help with navigating the NHS.

Starting a family is one of life’s most exciting adventures. From the joy of a first home to the pitter-patter of tiny feet, each milestone brings new responsibilities. Amidst the excitement, a crucial question emerges for many young parents: "How do we protect our family's future if the worst should happen?"

This is where life insurance steps in, acting as a financial safety net for your loved ones. In the UK, Legal & General (L&G) is one of the most recognised names in the insurance landscape, offering a range of products designed to provide peace of mind. But with so many providers vying for your attention, how do you know if L&G is the right fit for your family's unique needs?

This comprehensive guide is designed to demystify Legal & General's life insurance offerings for young families. We'll delve into their core products, explore their value-added benefits, and crucially, compare them against key rivals in the market. Our goal is to equip you with the knowledge to make an informed decision, ensuring your family's financial security is in safe hands.

WeCovr explains how L&G’s family life insurance compares with rivals

Legal & General is a titan of the UK insurance industry, with a history stretching back to 1836. Their sheer size and brand recognition mean they are often the first port of call for families seeking protection. For many, their reputation for reliability and paying claims is a significant draw. In 2023, Legal & General paid out over £883 million in life, critical illness, and income protection claims, supporting more than 19,500 individuals and their families. (illustrative estimate)

However, the UK protection market is fiercely competitive. Innovative insurers like Aviva, Royal London, Vitality, and Zurich continually challenge the status quo with enhanced policy features, broader critical illness definitions, and integrated wellness programmes.

Choosing the "best" insurer isn't about picking the most famous name. It's about finding the policy that offers the most relevant protection for your specific circumstances, health profile, and budget. At WeCovr, we help families navigate this complex market every day. We analyse the small print, compare the critical differences between providers, and match your needs to the policy that delivers the most robust and appropriate cover. This guide will give you a head start, using our expertise to shine a light on where L&G excels and where other providers might offer a better solution for you.

Understanding the Basics: The Building Blocks of Family Protection

Before we dive into L&G specifically, let's clarify the key types of protection that form the foundation of a solid family financial plan.

Term Life Insurance

This is the most common and straightforward type of life insurance. You choose a lump sum amount (the 'sum assured') and a policy length (the 'term'), typically aligned with your mortgage or until your children are financially independent. If you pass away within the term, the policy pays out the lump sum to your beneficiaries. If you outlive the term, the policy expires, and there is no pay-out.

There are two main variants:

  • Level Term Assurance: The pay-out amount remains the same throughout the policy term. This is ideal for covering an interest-only mortgage, providing a lump sum for your family to live on, or covering education costs.
  • Decreasing Term Assurance (DTA): The pay-out amount reduces over time, usually in line with a repayment mortgage. As you pay off your mortgage, the amount of cover needed decreases. This makes DTA a very cost-effective way to ensure your mortgage is cleared if you die.

Critical Illness Cover (CIC)

Often added to a life insurance policy for an extra premium, Critical Illness Cover pays out a tax-free lump sum if you are diagnosed with one of a specific list of serious medical conditions, such as some types of cancer, heart attack, or stroke.

This money can be a lifeline, helping you to:

  • Cover lost income while you recover.
  • Pay for private medical treatment or home modifications.
  • Clear debts, reducing financial stress at a difficult time.
  • Allow your partner to take time off work to care for you.

The quality of a CIC policy is determined by the number of conditions covered and, more importantly, the specific definitions for those conditions.

Family Income Benefit (FIB)

Instead of a single lump sum, Family Income Benefit pays out a regular, tax-free income to your family if you pass away. This income is paid from the time of the claim until the end of the policy term.

FIB can be an excellent option for young families as it replaces the lost monthly salary, making budgeting much easier for the surviving partner. It's often more affordable than an equivalent lump sum policy because the total potential pay-out decreases as the policy term progresses.

Legal & General's protection products are designed to be straightforward and accessible. Let's break down their core offerings for families.

This is L&G's flagship product. It's a flexible term assurance policy that can be set up to provide a level or decreasing sum assured.

Key Features:

  • Terminal Illness Cover: Included as standard. If you are diagnosed with a terminal illness and have a life expectancy of less than 12 months, the policy will pay out the sum assured early. This is a standard feature across most UK insurers.
  • Joint Life, Second Death Option: Most joint policies pay out on the first death and then end. L&G offers an option (for an additional cost) on some policies where a pay-out occurs on the second death, which can be useful for Inheritance Tax planning.
  • Accidental Death Benefit: If you apply for cover, you are often protected against accidental death for free while your application is being underwritten (subject to terms and conditions).

L&G's CIC can be added to their life insurance policies. They offer a comprehensive list of conditions, but it's the definitions that matter.

What's Covered? L&G's standard CIC policy covers a wide range of conditions. Below is a simplified table of some key conditions they cover.

CategoryExample Conditions Covered by L&G
CancerCancer (excluding less advanced cases)
HeartHeart Attack, Coronary Artery By-pass Grafts
Brain/Nervous SystemStroke, Multiple Sclerosis, Motor Neurone Disease, Parkinson's Disease
OrgansKidney Failure, Major Organ Transplant, Liver Failure
DisabilityTotal Permanent Disability (TPD), Traumatic Brain Injury

Children's Critical Illness Cover: This is automatically included at no extra cost if you add CIC to your policy. It typically covers a percentage of the adult's sum assured (e.g., up to £25,000) if a child is diagnosed with a specified condition. L&G's children's cover is highly regarded and includes a childbirth benefit for certain complications. (illustrative estimate)

L&G's Value-Added Benefits: Umbrella Benefits

This is an area where insurers are increasingly competing. Beyond the core promise of a pay-out, what other support is available? L&G's "Umbrella Benefits" package provides access to a range of wellbeing services.

  • Wellbeing Support: Access to registered nurses who can provide emotional support, guidance after a diagnosis, or help with navigating the NHS.
  • Second Medical Opinion: If you're diagnosed with a serious illness, you can get a second opinion from a world-leading expert to confirm your diagnosis and treatment plan.
  • Rehabilitation Support: Support to help you get back to work after an illness or injury, even if it doesn't result in a claim.

These services are valuable and provide tangible support at a time of immense stress. However, as we'll see, other providers offer different, sometimes more digitally-integrated, support packages.

Get Tailored Quote

No insurer is the best at everything. An insurer might be very competitive for a 30-year-old non-smoker but more expensive for someone with a pre-existing medical condition. Here's how L&G compares to some major rivals on key features beyond just price.

Feature Comparison: L&G vs. Key Rivals

FeatureLegal & GeneralAvivaRoyal LondonZurich
Core CIC ConditionsStrong, covers key conditions.Very comprehensive, often with enhanced definitions.High number of full pay-out conditions.Strong core list, with optional enhancements.
Partial CIC PayoutsCovers a good range of less severe conditions.Strong list of additional payment conditions.Known for a very generous list of partial payouts.Good, with a focus on early-stage cancers.
Children's CICExcellent, includes a childbirth benefit.Enhanced cover includes educational support and advance payments for hospital stays.Very comprehensive, often covering more child-specific conditions.Strong cover, convertible to an adult policy at age 21.
Value-Added ServiceUmbrella Benefits (Nurse support, Second Opinion).Aviva DigiCare+ (incl. digital GP, nutrition & mental health consults).Helping Hand (Dedicated nurse support from RedArc).Support Services (Counselling, legal & financial guidance).
TPD DefinitionTypically 'Own Occupation' for many roles.Often offer a strong 'Own Occupation' definition as standard.A market leader in providing 'Own Occupation' cover.Strong definitions, especially for professional occupations.
Claims Payout RateConsistently high (e.g., ~97% for Life Claims).Consistently high.Consistently high.Consistently high.

Key Takeaways from the Comparison:

  • For Comprehensive CIC: While L&G's CIC is robust, providers like Aviva and Royal London are often lauded for their more extensive condition lists and more generous definitions for both full and partial pay-outs. If your primary concern is the breadth of your critical illness cover, it's essential to compare these policies side-by-side.
  • For Integrated Wellness: Aviva's DigiCare+ is a powerful digital offering, providing app-based access to GPs, mental health support, and more. If you value this kind of ongoing, tech-driven wellness support, Aviva might have the edge.
  • For 'Own Occupation' Cover: This is a crucial definition for both Critical Illness and Income Protection. It means the policy will pay out if you are unable to do your own specific job, rather than just any job. Royal London is particularly well-regarded for offering this superior definition to a wide range of occupations.
  • For Simplicity and Brand Trust: Legal & General excels in providing a straightforward, reliable product from a brand that people know and trust. Their pricing is often very competitive, especially for younger, healthy applicants seeking simple life cover.

This is where working with a broker like WeCovr is invaluable. We have access to the detailed policy documents for all these insurers and can quickly identify which provider's definitions and features best match your personal and professional circumstances.

Calculating Your Family's Needs: How Much Cover is Enough?

One of the biggest hurdles for young families is figuring out the right amount of cover. It's easy to pluck a number out of the air, but a more structured approach ensures you're not under-insured.

A common rule of thumb is to seek cover equal to 10 times your annual gross salary. However, a more precise method is the D-E-A-D calculation:

  • D - Debts: Add up all your debts, starting with the largest. This includes your mortgage, car loans, credit card balances, and any personal loans. The primary goal is to clear these so your family starts with a clean slate.
  • E - Education: Think about future costs for your children. Do you want to provide for university fees, help with a first car, or a deposit on a future home? Estimate these costs.
  • A - Annual Expenses: How much income would your family need to replace each year to maintain their current lifestyle? Multiply this amount by the number of years you want to provide for them (e.g., until your youngest child turns 21).
  • D - Death Expenses (illustrative): Consider the immediate costs associated with death, such as funeral expenses. The average cost of a basic funeral in the UK is now over £4,000, according to SunLife's 2024 Cost of Dying Report.

A Real-Life Example: The Sharma Family

Let's imagine the Sharma family. Raj is 35 and earns £55,000. Priya is 34 and earns £40,000. They have two children, aged 4 and 2. (illustrative estimate)

  • Debts (illustrative): Their repayment mortgage has £250,000 outstanding. They have a £10,000 car loan. Total = £260,000.
  • Education (illustrative): They'd like to set aside £25,000 for each child for university. Total = £50,000.
  • Annual Expenses (illustrative): If Raj were to pass away, they'd want to replace at least £3,000 per month (£36,000 a year) of his income for the next 17 years, until their youngest is 19. This is a huge number (£612,000), which is why many people use a combination of a lump sum and Family Income Benefit. Let's aim for a lump sum to cover 5 years of expenses: 5 x £36,000 = £180,000.
  • Death Expenses (illustrative): They budget £5,000 for funeral costs.

Total Lump Sum Needed for Raj: £260,000 (Debts) + £50,000 (Education) + £180,000 (Expenses) + £5,000 (Funeral) = £495,000. (illustrative estimate)

They might decide to cover this with a £250,000 Decreasing Term policy to clear the mortgage, and a separate £250,000 Level Term policy to cover the other costs. They might also consider a Family Income Benefit policy to provide a monthly income instead of the lump sum for expenses. (illustrative estimate)

This calculation shows that your "number" is personal. An expert adviser can help you run through these calculations and structure your policies in the most cost-effective way.

The Application Process Explained

Applying for life insurance involves a detailed look at your health and lifestyle. Insurers need this information to assess the level of risk you present and calculate your premium fairly.

What to Expect:

  • Personal Details: Name, age, address.
  • Cover Details: The type and amount of cover you want, and for how long.
  • Health & Medical History: Questions about your height, weight (BMI), smoking status, alcohol consumption, past illnesses, and any family medical history (e.g., hereditary conditions like heart disease or cancer).
  • Occupation & Hobbies: Some jobs (e.g., working at heights) or hobbies (e.g., mountaineering) are considered higher risk and can affect your premium.

The Golden Rule: Full and Honest Disclosure It is absolutely vital that you answer every question truthfully and completely. Failing to disclose something, like a previous medical consultation or that you're a smoker, constitutes 'non-disclosure'. If you were to make a claim and the insurer discovered this, they would have the right to reduce the pay-out or void the policy entirely, leaving your family with nothing.

Underwriting: The Insurer's Assessment Once you submit your application, it goes to an underwriter. This is the person who assesses your risk. For most young, healthy applicants, the process is quick and automated. In some cases, the underwriter might:

  • Request a GP report: Ask your doctor for more details about your medical history.
  • Require a medical screening: Ask you to undergo a mini-medical, which usually involves a nurse visiting you at home to check your height, weight, blood pressure, and take a blood or urine sample.

This process ensures the premium you pay is fair and accurately reflects the risk.

The Financial Bedrock: Protection for Self-Employed Parents & Business Owners

If you're a freelancer, contractor, or a director of your own limited company, your protection needs are more complex. Your family's financial security is often intrinsically linked to the health of your business. Standard family protection is essential, but you should also consider business-specific cover.

Income Protection (IP)

Often described by financial experts as the most important protection policy of all, Income Protection is designed to replace a portion of your income (usually 50-70%) if you're unable to work due to any illness or injury.

Unlike Critical Illness Cover, which pays a lump sum for a specific condition, IP pays a regular monthly benefit until you can return to work, the policy term ends, or you retire. It covers a far wider range of eventualities, from a bad back or mental health issues to more serious conditions. For a self-employed person with no access to sick pay, it's a non-negotiable safety net.

Executive Income Protection

If you're a company director, you can have your business pay for your Income Protection policy. This is known as Executive Income Protection.

Key Advantages:

  • Tax Efficiency: The premiums are typically considered an allowable business expense, meaning they can be offset against your company's corporation tax bill.
  • No P11D Benefit: It's not usually treated as a P11D benefit-in-kind, so there's no extra income tax for you to pay personally.
  • Higher Cover Levels: Insurers often allow for a higher percentage of your total remuneration (salary and dividends) to be covered.

Key Person Insurance

What would happen to your business if you, or another crucial member of staff, were to die or become critically ill? Would profits fall? Would you lose clients? Would you struggle to repay a business loan?

Key Person Insurance is a life and/or critical illness policy taken out by the business on a key employee. If a claim is made, the pay-out goes directly to the business to help cover lost profits, recruit a replacement, or clear debts. This protects the business's stability, which in turn protects your family's income stream.

Legal & General, along with providers like Liverpool Victoria (LV=) and Scottish Widows, offer a strong range of business protection solutions. An adviser can help you determine the right structure for your company.

Wellness & Your Premiums: How a Healthy Lifestyle Can Save You Money

Insurers are not just interested in your health when you apply; they are increasingly invested in helping you stay healthy. This isn't just altruism – a healthier client is less likely to claim, which is good for business. This creates a win-win scenario for you.

The Big Three Factors Affecting Your Premiums:

  1. Smoking: Being a smoker is the single biggest factor that will increase your life insurance premiums, often doubling them or more. This includes vaping and other nicotine replacement products. If you quit smoking for over 12 months, you can apply to have your premiums reduced.
  2. BMI (Body Mass Index): A high BMI can indicate an increased risk of health problems like heart disease and type 2 diabetes. Insurers have specific BMI bands, and a higher reading can lead to higher premiums or even a request for a medical screening.
  3. Alcohol Consumption: Consuming alcohol above the recommended weekly units (currently 14 units per week in the UK) can also lead to increased premiums.

Taking proactive steps to manage your health can lead to significant long-term savings on your insurance. Small changes to your diet, increasing your physical activity, and ensuring you get enough quality sleep can have a big impact.

As part of our commitment to our clients' long-term health, WeCovr provides complimentary access to our AI-powered calorie and nutrition tracking app, CalorieHero. It's a simple, effective tool to help you understand your eating habits and make positive changes, supporting you on your journey to a healthier lifestyle and potentially lower insurance costs.

Legal & General offers a solid, dependable, and often competitively priced range of life insurance products that are a very suitable choice for many young families. Their brand strength, high claims pay-out record, and straightforward product design provide a great deal of reassurance. Their children's critical illness cover is a particularly strong feature.

However, the UK protection market is rich with choice, and L&G is not always the "best" option for everyone.

  • You might find more comprehensive critical illness cover with a provider like Aviva or Royal London, who may cover more conditions or have more generous definitions.
  • You might be drawn to the integrated digital health services offered by a provider like Aviva or Vitality.
  • If you have a specific health condition or a higher-risk occupation, a specialist insurer might offer you more favourable terms.

The ultimate decision depends on a detailed analysis of your individual needs, health, and budget. Price is important, but the quality of the cover and the small print in the policy document are what truly matter at the point of a claim.

The best way to navigate this choice is to seek independent advice. A specialist protection broker like us can compare the entire market for you, highlighting the crucial differences between policies from Legal & General and all its main competitors. We'll help you find the provider that offers the most robust protection for your family, at the best possible price.

Frequently Asked Questions (FAQ)

Yes, and it's highly recommended for most people. Placing your policy in trust is a simple legal arrangement that ensures the pay-out goes directly to your chosen beneficiaries (like your children) rather than becoming part of your legal estate. This has two major benefits: it avoids the lengthy and complex probate process, meaning your family gets the money much faster, and the pay-out is typically not subject to Inheritance Tax. Most insurers, including Legal & General, provide standard trust forms and guidance to make this process straightforward.
Not necessarily. For many younger applicants (e.g., under 45) seeking a standard amount of cover with no significant health issues, the policy can often be issued based solely on the answers you provide in the application form. However, an insurer may request a medical exam or a report from your GP if you are older, are applying for a very large sum assured, or have declared a pre-existing medical condition. This is a normal part of the underwriting process to ensure the risk is assessed correctly.

What happens if I stop paying my premiums?

Life insurance policies are a long-term commitment. If you stop paying your monthly premiums, your cover will lapse. Insurers typically offer a grace period (e.g., 30 days) to make the missed payment. If you don't pay within this period, your policy will be cancelled, and you will no longer have any cover. If you later decide you want cover again, you will have to re-apply, and the premiums will be based on your age and health at that time, which usually means they will be higher. If you're experiencing financial difficulty, you should always speak to your insurer or adviser first, as there may be options available.
No, the types of policies discussed in this article (Term Life Insurance, Decreasing Term, and Family Income Benefit) are pure protection products. They do not have an investment element and therefore do not accumulate a cash-in value. You cannot 'cash in' the policy early. The policy only pays out if a valid claim is made during the term. If you outlive the policy term, the cover simply ends.

How does inflation affect my life insurance cover?

Inflation can erode the real-term value of your lump sum over time. A £200,000 pay-out today will have significantly more purchasing power than the same amount in 20 years. To combat this, most insurers, including Legal & General, offer an 'Indexation' or 'Increasing Cover' option for an additional premium. This means your sum assured (and your premiums) will increase each year, typically in line with a measure of inflation like the Retail Prices Index (RPI), ensuring the value of your cover keeps pace with the rising cost of living.

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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How It Works

1. Complete a brief form
Complete a brief form
2. Our experts analyse your information and find you best quotes
Experts discuss your quotes
3. Enjoy your protection!
Enjoy your protection

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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