Life Insurance for Homeowners UK
For most of us, buying a home is the single biggest financial commitment we will ever make. It's a place of comfort, security, and cherished memories. But have you ever paused to consider what might happen to your home if you were no longer around to pay the mortgage?
It's a sobering thought, but one that every responsible homeowner must face. The reality is that without a safety net, your loved ones could face the devastating prospect of losing their family home whilst also grieving your loss.
This is where life insurance steps in. It’s not just another piece of paperwork; it’s a foundational pillar of financial planning for homeowners. It’s the ultimate safeguard, ensuring that the bricks and mortar you’ve worked so hard for remain a secure home for your family, no matter what life throws your way.
In this definitive guide, we’ll explore everything you need to know about life insurance for homeowners in the UK. We’ll demystify the jargon, compare the different types of cover, and provide you with the knowledge to make an informed decision that protects your most valuable asset.
How to safeguard your property with life cover
At its core, the concept is beautifully simple. A life insurance policy for homeowners is a contract between you and an insurer. You agree to pay a monthly premium, and in return, the insurer promises to pay out a cash lump sum if you pass away during the policy's term.
This lump sum is designed to be large enough to pay off your outstanding mortgage balance in full. This action instantly removes the largest monthly expense from your family's budget, lifting an immense financial burden at the most difficult of times.
Imagine the peace of mind this provides. Your partner and children wouldn't have to worry about finding the money for mortgage payments. They wouldn't be forced to sell their home under duress. They would be given the financial stability to grieve and rebuild their lives in the home they know and love.
The type of life insurance you need will largely depend on the type of mortgage you have:
- Repayment Mortgage: This is the most common type of mortgage in the UK, where you pay back a portion of the capital loan and the interest each month. The total amount you owe decreases over time.
- Interest-Only Mortgage: With this type, you only pay the interest on the loan each month. The capital debt remains the same, and you must repay the full loan amount at the end of the mortgage term.
Understanding which mortgage you have is the first step in choosing the right life insurance policy to protect it.
Understanding the Core Types of Mortgage Life Insurance
When you start looking for life insurance to cover a mortgage, you'll quickly encounter two primary options: Decreasing Term Assurance and Level Term Assurance. Let's break them down.
Decreasing Term Assurance (DTA)
Often called "mortgage life insurance," this is the most popular choice for homeowners with a standard repayment mortgage.
How it works: The potential payout (the "sum assured") decreases over the life of the policy. It's designed to mirror the reducing balance of your repayment mortgage. As you pay off more of your mortgage, you need less cover to clear the remaining debt.
Pros:
- Cost-Effective: Because the insurer's potential liability reduces over time, premiums for decreasing term cover are typically lower than for other types of life insurance.
- Tailor-Made: It's specifically designed for the single purpose of clearing a repayment mortgage.
Cons:
- No Surplus: The policy is only intended to clear the mortgage debt. There won't be any extra cash left over for your family to use for other expenses.
- Interest Rate Risk: The rate at which the cover decreases is based on a fixed interest rate set by the insurer (e.g., 8%). If your actual mortgage interest rate were to rise significantly above this, there could be a small shortfall at the time of a claim. However, this is relatively rare.
Here’s a simplified example of how the cover might decrease:
| Year of Policy | Mortgage Balance (Example) | Decreasing Term Payout |
|---|---|---|
| 1 | £250,000 | £250,000 |
| 10 | £185,000 | £185,000 |
| 20 | £90,000 | £90,000 |
| 25 | £0 | £0 |
Level Term Assurance (LTA)
This type of policy offers a fixed payout amount throughout the entire term. If you take out a £250,000 policy for 25 years, it will pay out £250,000 whether you pass away in year 1 or year 24.
How it works: The sum assured remains level, regardless of your decreasing mortgage balance.
Pros:
- Provides a Surplus: As your mortgage debt reduces, a successful claim in the later years of the policy would not only clear the mortgage but also leave a substantial tax-free lump sum for your family. This can be used for living expenses, future education costs, or simply as a financial cushion.
- Ideal for Interest-Only Mortgages: Since the capital debt on an interest-only mortgage doesn't decrease, level term cover is essential to ensure the full loan can be repaid.
- Covers More Than Just the Mortgage: It can be used to cover other financial needs beyond just the property debt.
Cons:
- More Expensive: Because the insurer's potential payout remains high for the entire term, premiums are higher than for a decreasing term policy with the same initial sum assured.
Comparing the Two
| Feature | Decreasing Term Assurance (DTA) | Level Term Assurance (LTA) |
|---|---|---|
| Best For | Repayment mortgages | Interest-only mortgages, or providing extra funds |
| Payout Amount | Decreases over time | Stays the same throughout the term |
| Cost | Lower premiums | Higher premiums |
| Primary Goal | To clear the specific mortgage debt | To clear the mortgage and provide a financial legacy |
| Flexibility | Limited to mortgage protection | Can cover multiple financial needs |
Joint Life vs. Single Life Policies: Which is Right for You?
If you're buying a home with a partner, you'll need to decide whether to get a joint policy or two separate single policies. This is a crucial decision with significant long-term implications.
Joint Life Policies
A joint life policy covers two people but only pays out once. Most commonly, these are set up on a 'first death' basis. This means the policy pays out when the first of the two policyholders passes away. After the claim is paid, the policy ends, and the surviving partner is left without any life cover.
- The Pro: The main advantage is cost. A joint life policy is usually cheaper than taking out two separate single policies.
- The Con: The single payout is the major drawback. In a tragic scenario where both partners were to pass away in the same event, the policy would still only pay out once. Furthermore, the surviving partner would need to apply for new cover at an older age, likely with higher premiums and potentially with new health issues to declare.
Two Single Life Policies
An alternative, and often recommended, approach is for each partner to take out their own individual life insurance policy.
- The Pros: This setup provides far more comprehensive protection. If one partner passes away, their policy pays out (which could be used to clear the mortgage), and the surviving partner still retains their own policy. If the worst were to happen and both partners passed away, both policies would pay out, providing a significant financial sum for any dependent children.
- The Con: The combined monthly cost of two single policies is typically a little higher than one joint policy. However, the price difference is often much smaller than people assume.
Our View at WeCovr: Whilst a joint policy might seem attractive due to the lower initial cost, we often advise clients to at least compare the price of two single policies. The superior level of protection they offer, especially for families with children, often outweighs the modest additional cost. We can provide you with a side-by-side comparison to help you make the best choice for your circumstances.
Critical Illness Cover: The Other Half of the Protection Puzzle
So far, we've focused on what happens if you die. But what if a serious illness strikes, leaving you unable to work and earn an income for months, or even years? How would you pay the mortgage then?
This is a far more likely scenario than premature death. According to Cancer Research UK, 1 in 2 people in the UK will be diagnosed with some form of cancer during their lifetime. The British Heart Foundation notes that there are more than 100,000 hospital admissions each year in the UK due to heart attacks.
This is where Critical Illness Cover (CIC) becomes invaluable.
What is it? Critical Illness Cover is a type of insurance that pays out a tax-free lump sum if you are diagnosed with one of a list of specific serious illnesses or medical conditions defined in the policy. This is a 'living benefit' – you don't have to die to claim it.
It can be purchased as a standalone policy or, more commonly, combined with a life insurance policy (as Life and Critical Illness Cover). If combined, the policy will typically pay out on the first event – either diagnosis of a critical illness or death – and then the policy ends.
How can it help homeowners? The lump sum from a critical illness claim can be a financial lifeline. It could be used to:
- Clear the entire mortgage, removing that financial pressure.
- Pay for a period of mortgage payments whilst you recover.
- Adapt your home for new mobility needs.
- Pay for private medical treatment or specialist care.
- Replace lost income to cover day-to-day bills.
When considering CIC, it's vital to check the policy details. The number and definition of illnesses covered can vary between insurers. Most modern, comprehensive policies will cover 40-50+ conditions, but the core ones are almost always:
- Cancer (of a specified severity)
- Heart Attack
- Stroke
Other commonly covered conditions include multiple sclerosis, kidney failure, major organ transplant, and Parkinson's disease.
Income Protection: Your Monthly Financial Safety Net
Whilst Critical Illness Cover provides a one-off lump sum for a specific list of conditions, Income Protection (IP) works differently. It's designed to provide a regular, recurring income if you're unable to work due to any illness or injury.
Think of it as your own personal sick pay scheme.
How it works:
- Benefit Amount: It pays out a percentage of your gross salary, typically between 50% and 70%. The payments are tax-free.
- Deferred Period: This is the waiting period from when you stop working to when the policy starts paying out. You choose this when you take out the policy. Common options are 4, 8, 13, 26, or 52 weeks. The longer the deferred period, the cheaper the premium. You would typically align this with any sick pay you receive from your employer.
- Payment Term: You can choose policies that pay out for a limited period (e.g., 1, 2, or 5 years per claim) or, for the most comprehensive cover, policies that pay out right up until you can return to work, or you reach retirement age.
For homeowners, Income Protection is arguably the most fundamental insurance of all. A critical illness payout is fantastic, but what if you're signed off work with a severe back problem or mental health condition that isn't covered by a CIC policy? Income Protection would still pay out. It ensures that your income stream continues, allowing you to keep paying the mortgage and all your other household bills without draining your savings.
This is particularly crucial for the self-employed and freelancers, who have no employer sick pay to fall back on. For company directors, a similar product called Executive Income Protection can be paid for by the business as a tax-deductible expense, providing a highly efficient way to protect an individual's earnings.
How Much Cover Do You Really Need? A Step-by-Step Calculation
Determining the right amount of cover can feel daunting, but it can be broken down into a logical process. The goal is to ensure your family is left financially secure, not just able to pay the mortgage.
Step 1: The Mortgage This is the starting point. Check your latest mortgage statement for the outstanding balance. This is the minimum amount of life insurance you should consider. For the policy term, this should, at a minimum, match your remaining mortgage term.
Step 2: Other Debts List any other significant debts your family would need to clear. This could include:
- Car loans
- Credit card balances
- Personal loans
Add these to your mortgage balance.
Step 3: Future Family Expenses This is where you move from just clearing debt to providing for your family's future. How much money would they need to live comfortably without your income? Consider:
- Monthly Bills: Utilities, council tax, food, transport. Estimate a monthly figure and multiply it by the number of years you want to provide for them (e.g., until your youngest child is 21).
- Childcare & Education: The costs of nurseries, school fees, or university can be substantial.
- A Financial Cushion: An extra amount to handle unforeseen emergencies.
Step 4: Factor in Your Existing Assets Now, deduct any existing provisions you already have in place:
- Savings & Investments: Any readily available cash or assets.
- Death-in-Service Benefits: Many employers provide a benefit that pays out a multiple of your salary (e.g., 4x salary) if you die whilst employed by them. This is a valuable benefit but remember it is tied to your job; if you move companies, you may lose it.
- Existing Policies: Any other life insurance policies you already hold.
A Worked Example:
| Liabilities & Needs | Amount |
|---|---|
| Outstanding Mortgage | £220,000 |
| Car Loan & Credit Cards | £15,000 |
| Family Living Costs (£2,000/month for 15 years) | £360,000 |
| University Fund for 2 Children | £50,000 |
| Total Need | £645,000 |
| Existing Assets to Deduct | |
| Death-in-Service (4x £50k salary) | £200,000 |
| Savings & Investments | £25,000 |
| Total Assets | £225,000 |
| Required Level Term Cover (Total - Assets) | £420,000 |
In this scenario, a homeowner might choose to have:
- A Decreasing Term Policy for £220,000 to specifically cover the mortgage.
- A separate Level Term Policy for £200,000 (£420,000 - £220,000) to provide the extra family funds.
This process can seem complex, which is why working with an expert adviser is so beneficial. At WeCovr, we can walk you through this calculation step-by-step, ensuring you don't over-insure or, more importantly, under-insure.
Factors That Influence Your Life Insurance Premiums
Insurers use a process called "underwriting" to assess the risk of insuring you. The higher the perceived risk, the higher your monthly premium will be. Here are the key factors they look at:
| Factor | Impact on Premium |
|---|---|
| Age | The younger and healthier you are when you apply, the cheaper your premiums will be for the life of the policy. |
| Health | Your current health, weight (BMI), and any pre-existing medical conditions will be assessed. |
| Family History | A history of hereditary conditions like heart disease or certain cancers in close relatives can affect your premium. |
| Smoker Status | Smokers and users of nicotine products (including vaping) will pay significantly more, often double that of a non-smoker. |
| Alcohol Intake | Your weekly alcohol consumption is a key lifestyle question on every application. |
| Occupation | A desk-based job is low risk. A manual or high-risk job (e.g., roofer, commercial diver) will lead to higher premiums or exclusions. |
| Hobbies | Participation in dangerous sports like mountaineering, motorsports, or aviation can increase your premium. |
| Cover Amount & Term | The higher the sum assured and the longer the policy term, the more expensive the cover will be. |
| Policy Type | A decreasing term policy is the cheapest, followed by level term. Adding critical illness cover increases the cost. |
Being honest about these factors is non-negotiable.
The Application Process: What to Expect
Applying for life insurance is more straightforward than you might think, especially with a broker to guide you.
- Initial Quotation: You'll provide basic details (age, smoker status, cover amount, term) to get an initial price.
- Full Application Form: This is a detailed questionnaire covering your health, lifestyle, occupation, and family medical history. It is vital that you answer every question truthfully and completely. This is a duty of "fair representation" under the Consumer Insurance (Disclosure and Representations) Act 2012. Failing to disclose something, even by accident, could give the insurer grounds to reject a future claim.
- Underwriting: The insurer's underwriting team will review your application. For most healthy applicants seeking standard amounts of cover, the policy can be accepted immediately based on the application alone.
- Request for More Information: In some cases, the insurer may need more details. This could be:
- A GP Report (GPR): They may write to your GP (with your permission) for more information about a condition you've disclosed.
- A Nurse Screening: For very large sums assured or certain medical disclosures, they may arrange for a nurse to visit you to take your height, weight, blood pressure, and a blood/urine sample. This is done at the insurer's expense.
- The Decision: Once underwriting is complete, you'll receive a decision. This will be:
- Accepted on Standard Terms: The price you were quoted is the price you pay.
- Accepted with a Loading: Your premium is increased due to a health or lifestyle risk.
- Accepted with an Exclusion: A specific condition is excluded from the policy (more common with critical illness or income protection).
- Postponed: The insurer wants to wait for a period (e.g., 6 months after treatment ends) before offering cover.
- Declined: In rare cases, the risk is deemed too high to offer cover.
A broker like WeCovr can be particularly helpful here, as we know which insurers are more lenient for certain medical conditions and can guide you to the provider most likely to offer you the best terms.
Special Considerations for Homeowners
Once your policy is in place, there are a couple of extra steps to ensure it works as effectively as possible.
Writing Your Policy in Trust
This is one of the most important yet often overlooked aspects of life insurance. Writing your policy in trust is a simple legal arrangement that you can usually do for free when you set up the policy.
It involves naming specific people (your "beneficiaries") who you want the money to go to, and appointing people you trust (your "trustees," often the same people) to manage the process.
The benefits are huge:
- Avoids Probate: A policy in trust is paid directly to the trustees. It doesn't get tangled up in your legal estate, which has to go through probate – a process that can take many months. This means your family gets the money much faster, allowing them to pay off the mortgage quickly.
- Mitigates Inheritance Tax (IHT): The payout from a policy in trust does not form part of your estate for IHT purposes. For larger estates, this can save your beneficiaries a 40% tax bill on the policy proceeds.
Inheritance Tax (IHT) and Other Policies
For individuals with large estates, life insurance can be a key part of IHT planning. For instance, a Whole of Life policy written in trust can be set up to provide a lump sum specifically intended to pay the eventual IHT bill on your estate.
Another specialist product is Gift Inter Vivos insurance. If you gift a large sum of money or an asset to someone, it may still be considered part of your estate for IHT if you die within seven years. This policy provides a lump sum to cover that potential tax liability, protecting the recipient of your gift.
Beyond the Policy: The Added Value of Modern Insurance
In today's market, a life insurance policy is often more than just a financial contract. Most major UK insurers now include a suite of valuable wellness benefits and support services with their policies, accessible from day one at no extra cost.
These can include:
- 24/7 Virtual GP: Access to a GP via phone or video call, often with the ability to get prescriptions sent to a local pharmacy.
- Mental Health Support: Access to counselling sessions and mental health professionals.
- Second Medical Opinion Services: If you're diagnosed with a serious illness, you can have your case reviewed by a world-leading expert.
- Fitness & Nutrition Plans: Discounts on gym memberships and access to health and wellness apps.
- Rehabilitation Support: Practical help to get you back to work after an illness or injury.
At WeCovr, we believe in supporting our clients' holistic wellbeing. That's why, in addition to the excellent benefits provided by our insurance partners, we also give our customers complimentary access to our proprietary AI-powered calorie tracking app, CalorieHero. It’s our way of going the extra mile, helping you manage your health proactively, not just protecting you financially when things go wrong.
Finding the Best Policy: Why Using a Broker is Smart
You could go directly to an insurer's website or use a comparison site. However, to get the right advice and the best outcome, using an independent protection broker like WeCovr is the smartest choice.
Here’s why:
- Whole-of-Market Access: We are not tied to any single insurer. We compare policies and prices from all the major UK providers to find the best fit for you.
- Expert Advice: We understand the nuances of each policy. We know the jargon, the small print, and which insurers are best for certain circumstances (e.g., if you're a smoker, have a specific health condition, or a high-risk job).
- Application Support: We help you complete the application forms correctly, ensuring full and fair disclosure to minimise the risk of a claim being rejected.
- Trust Expertise: We can help you put your policy in trust, ensuring the payout goes to the right people at the right time, tax-efficiently.
- No Extra Cost: You don't pay us a fee for our service. We are paid a commission by the insurer you choose to proceed with. Our goal is simply to find you the most suitable cover at the most competitive price.
In Conclusion: Your Home, Your Legacy
Your home is more than an asset; it's the heart of your family's life. Protecting it against the unexpected is one of the most fundamental and caring acts of financial planning you can undertake.
Life insurance, Critical Illness Cover, and Income Protection are not "nice-to-haves"; for a homeowner, they are essential components of a robust financial safety net. They provide the peace of mind that comes from knowing that, whatever happens to you, your loved ones will have a secure roof over their heads.
The journey to securing the right protection may seem complex, but it doesn't have to be. By understanding the options, calculating your needs, and working with an expert, you can put a tailored plan in place that safeguards your property and your family's future.
Don't leave the security of your family's home to chance. Take the first step today to protect your most valuable asset and secure your legacy.
Do I legally need life insurance for a mortgage?
What happens to my life insurance if I move house?
Can I get life insurance with a pre-existing medical condition?
How long should my life insurance policy term be?
Is the payout from a life insurance policy taxable?
When should I review my protection policies?
Why life insurance and how does it work?
What is Life Insurance?
Life insurance is an insurance policy that can provide financial support for your loved ones when you or your joint policy holder passes away. It can help clear any outstanding debts, such as a mortgage, and cover your family's living and other expenses such costs of education, so your family can continue to pay bills and living expenses. In addition to life insurance, insurance providers offer related products such as income protection and critical illness, which we will touch upon below.How does it work?
Life insurance pays out if you die. The payout can be in the form of a lump sum payment or can be paid as a replacement for a regular income. It's your decision how much cover you'd like to take based on your financial resources and how much you'd like to leave to your family to help them deal with any outstanding debts and living expenses. Your premium depends on a number of factors, including your occupation, health and other criteria.The payout amount can change over time or can be fixed. A level term or whole of life policy offers a fixed payout. A decreasing term policy offers a payout that decreases over the term of the cover.
With critical illness policies, a payout is made if you’re diagnosed with a terminal illness with a remaining life expectancy of less than 12 months. While income protection policies ensure you can continue to meet your financial commitments if you are forced to take an extended break from work. If you can’t work because you’ve had an accident, fallen sick, or lost your job through no fault of your own, income protection insurance pays you an agreed portion of your salary each month.
Income protection is particularly helpful for people in dangerous occupations who want to be sure their mortgage will always be covered. Income protection only covers events beyond your control: you’re much less likely to be covered if you’re fired from your job or if you injure yourself deliberately.
Questions to ask yourself regarding life insurance
Just ask yourself:👉 Who would pay your mortgage or rent if you were to pass away or fall seriously ill?
👉 Who would pay for your family’s food, clothing, study fees or lifestyle?
👉 Who would provide for the costs of your funeral or clear your debts?
👉 Who would pay for your costs if you're unable to work due to serious illness or disability?
Many families don’t realise that life, income protection and critical illness insurance is one of the most effective ways to protect their finances. A great insurance policy can cover costs, protect a family from inheriting debts and even pay off a mortgage.
Many would think that the costs for all the benefits provided by life insurance, income protection insurance or critical illness insurance are too high, but the great news is in the current market policies are actually very inexpensive.
Benefits offered by income protection, life and critical illness insurance
Life insurance, income protection and critical illness insurance are indispensable for every family because a child loses a parent every 22 minutes in the UK, while every single day tragically 60 people suffer major injuries on the UK roads. Some people become unable to work because of sickness or disability.Life insurance cover pays out a lump sum to your family, loved ones or whomever you choose to get the money. This can be used to secure the financial future of your loved ones meaning they would not have to struggle financially in the event of your death.
If it's a critical illness cover, the payout happens sooner - upon diagnosis of a serious illness, disability or medical condition, easing the financial hardship such an event inevitably brings.
Income protection insurance can be very important for anyone who relies on a pay check to cover their living costs, but it's especially important if you’re self-employed or own a small business, where your employment and income is a bit less stable. It pays a regular income if you can't work because of sickness or disability and continues until you return to paid work or you retire.
In a world where 1 in 4 of us would struggle financially after just four weeks without work, the stark reality hits hard – a mere 7% of UK adults possess the vital shield of income protection. The urgency of safeguarding our financial well-being has never been more palpable.
Let's face it – relying on savings isn't a solution for everyone. Almost 25% of people have no savings at all, and a whopping 50% have £1,000 or less tucked away. Even more concerning, 51% of Brits – that's a huge 27 million people – wouldn't last more than one month living off their savings. That's a 10% increase from 2022.
And don't even think about state benefits being a safety net. The maximum you can expect from statutory sick pay is a mere £109.40 per week for up to 28 weeks. Not exactly a financial lifeline, right?
Now, let's tackle a common objection: "But I have critical illness insurance. I don't need income protection too." Here's the deal – the two policies apply to very different situations. In a nutshell:
- Critical illness insurance pays a single lump sum if you're diagnosed with or undergo surgery for a specified potentially life-threatening illness. It's great for handling big one-off expenses or debts.
- Income protection, on the other hand, pays a percentage of your salary as a regular payment if you can't work due to illness or injury. It's the superhero that tackles those relentless monthly bills.
Types of life insurance policies
Common reasons for getting a life insurance policy are to:✅ Leave behind an amount of money to keep your family comfortable
✅ Protect the family home and pay off the mortgage in full or in part
✅ Pay for funeral costs
Starting from as little as a couple of pounds per week, you can do all that with a Life Policy.
Level Term Life Insurance
One of the simplest forms of life insurance, level term life insurance works by selecting a length of time for which you would want to be covered and then deciding how much you would like your loved ones to receive should the worst happen. Should your life insurance policy pay out to your family, it would be in a lump sum amount that can be used in whatever way the beneficiary may wish.
Decreasing Term Life Insurance
Decreasing term life insurance works in the same way as level term, except the lump sum payment amount upon death decreases with time. The common use for decreasing term life cover is to protect against mortgage repayment as the lump sum decreases along with the principal of the mortgage itself.
Increasing Term Life Insurance
Increasing term life insurance aims to pay out a cash sum growing each year if the worst happens while covered by the policy. With increasing term life cover amount insured increases annually by a fixed amount for the length of the policy. This can protect your policy's value against inflation, which could be advantageous if you’re looking to maintain your loved ones’ living standards, continue paying off your mortgage in line with its repayment schedule and cover your children’s education fees.
Whole of Life Insurance
Whereas term life insurance policies only pay out if you pass away during their term, whole of life insurance pays out to your beneficiaries whenever this should happen. The most common uses for whole life insurance are to cover the costs of a funeral or as a vehicle for your family's inheritance tax planning.
Family Income Benefit
Family income benefit is a somewhat lesser-known product in the family of life insurance products. Paying out a set amount every month of year to your beneficiaries, it is the most cost-effective way of maintaining your family's living standards to an age where you'd expect them to be able to support themselves financially. The most common use would be for a family with children who are not working yet so are unable to take care of themselves financially.
Relevant Life Insurance
Relevant Life Insurance is a tax-efficient policy for a director or single employee. A simple level term life insurance product, it is placed in a specific trust to ensure its tax efficiency. The premiums are tax deductible and any benefit payable should a claim arise is also paid out tax free, which makes it an attractive product for entrepreneurs and their businesses.
Important Fact!
We can look at a more suitable option mid-term!
Why is it important to get life insurance early?
👉 Many people are very thankful that they had their life, income protection, and critical illness insurance cover in place before running into some serious issues. Critical illness and income protection insurance is as important as life insurance for protecting your family's finances.👉 We insure our cars, houses, bicycles and even bags! Yet our life and health are the most precious things we have.
Easily one of the most important insurance purchases an individual or family can make in their lifetime, the decision to buy life, income protection, critical illness and private medical health insurance can be made much simpler with the help of FCA-authorised advisers. They are the specialists who do the searching and analysis helping people choose between various types of life insurance policies available in the market, including income protection, critical illness and other types of policies most suitable to the client's individual circumstances.
It certainly won't do any harm if you speak with one of our experienced FCA-authorised insurance partner experts who are passionate about advising people on financial matters related to life insurance and are keen to provide you with a free consultation.
You can discuss with them in detail what affordable life, income protection, critical illness or private medical health insurance plan for the necessary peace of mind they would recommend! WeCovr works with some of the best advisers in the market.
By tapping the button below, you can book a free call with them in less than 30 seconds right now:
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Who Are WeCovr?
WeCovr is an insurance specialist for people valuing their peace of mind and a great service.👍 WeCovr will help you get your private medical insurance, life insurance, critical illness insurance and others in no time thanks to our wonderful super-friendly experts ready to assist you every step of the way.
Just a quick and simple form and an easy conversation with one of our experts and your valuable insurance policy is in place for that needed peace of mind!