The Life-Proofing Advantage
Beyond Savings: As health experts project nearly 1 in 2 individuals will face a major illness diagnosis, discover why 'Life-Proofing' — a holistic strategy integrating Income Protection, Critical Illness Cover, Private Health Insurance, and Legacy Planning for loved ones — is the overlooked key to unlocking profound personal growth, resilient relationships, and lasting security in an unpredictable world.
We meticulously plan our careers, holidays, and even our weekly meals. We build savings, invest in our homes, and strive for a brighter future. Yet, in our pursuit of progress, we often overlook the very foundation upon which it all rests: our health and our ability to earn an income.
The reality of modern life in the UK is that this foundation is more vulnerable than we might think. Leading health bodies like Cancer Research UK now project that a staggering 1 in 2 of us born after 1960 will be diagnosed with some form of cancer in our lifetime. When you factor in other major health events like heart attacks, strokes, and debilitating long-term illnesses, the picture becomes clear: a significant health challenge is a statistical probability, not a remote possibility.
This is where the traditional 'savings-first' approach falls short. Savings are essential, but they are finite. A prolonged period off work or a critical illness diagnosis can obliterate a lifetime of careful saving in a matter of months, leaving your ambitions and your family's security in jeopardy.
Enter 'Life-Proofing'.
This isn't about morbidly planning for the worst. It's about proactively and intelligently building a financial fortress around yourself and your loved ones. Life-Proofing is a dynamic, empowering strategy that goes beyond mere savings. It integrates a suite of sophisticated protection tools to create a comprehensive safety net, ensuring that if life throws you a curveball, you can catch it without dropping everything else.
This guide will illuminate the path to becoming 'Life-Proofed'. We will explore the four essential pillars of this strategy and demonstrate how, far from being just a financial transaction, it is an investment in your peace of mind, your relationships, and your capacity to live a full and fearless life.
The Shifting Landscape: Why 'Just Saving' Is No Longer Enough
The belief that a healthy savings account is the ultimate buffer against life's uncertainties is becoming dangerously outdated. Several converging factors in the UK today have rendered this approach insufficient for providing true, long-term security.
1. The Statistical Reality of Health
As mentioned, the likelihood of facing a major health crisis is higher than ever. It's not just cancer. The British Heart Foundation reports there are over 100,000 hospital admissions each year due to heart attacks in the UK alone. The Stroke Association confirms that someone has a stroke every five minutes. These aren't just statistics; they are our friends, colleagues, and family members. The financial impact of such events extends far beyond the immediate medical needs, affecting income, household stability, and future plans.
2. The Squeeze on Household Finances
According to the Office for National Statistics (ONS), the cost of living has placed unprecedented pressure on UK households. Even with diligent budgeting, building a savings pot large enough to cover months—or potentially years—of lost income, mortgage payments, and regular bills is an uphill battle for the vast majority. A serious illness can force you to drain these hard-earned savings, setting you back decades in your financial goals.
3. Unprecedented Pressure on the NHS
The NHS is a national treasure, providing incredible care to millions. However, it is also facing historic challenges. As of early 2025, waiting lists for routine treatments remain at near-record highs. While emergency care is world-class, the wait for diagnostics, specialist consultations, and elective procedures can be lengthy and stressful. This 'waiting game' can prolong your time off work and delay your return to normality.
4. The Changing World of Work
The rise of the 'gig economy', freelancing, and self-employment means millions of Britons no longer have the safety net of a traditional employment package. There is no sick pay beyond the statutory minimum, no death-in-service benefit, and no employer-sponsored health plan. This places the entire burden of financial resilience squarely on the individual's shoulders.
This table starkly illustrates the difference between relying solely on savings and adopting a Life-Proofing strategy.
| Feature | Relying on Savings Alone | The 'Life-Proofing' Approach |
|---|---|---|
| Income Loss | Savings depleted to cover bills | Income Protection provides a monthly replacement salary |
| Major Illness | Savings used for costs, may run out | Critical Illness Cover provides a lump sum to clear debts/cover costs |
| Healthcare | Rely on NHS waiting lists | Private Medical Insurance offers fast-track access to specialists |
| Legacy | Remaining savings passed on (subject to IHT) | A dedicated Life Insurance payout secures your family's future |
| Overall | Reactive, finite, high-stress | Proactive, comprehensive, peace of mind |
Relying on savings is like having a single bucket of water to fight a house fire. A Life-Proofing strategy is like having a fully integrated sprinkler system, ready to activate precisely where and when it's needed, preserving the structure of your life.
The Four Pillars of Your Life-Proofing Strategy
A robust Life-Proofing plan is built on four interconnected pillars. Each addresses a specific vulnerability, and together they form a comprehensive shield against life's most significant financial shocks.
Pillar 1: Protecting Your Most Valuable Asset – Your Income
For most of us, our ability to earn an income is our single greatest financial asset. It pays the mortgage, fuels our lifestyle, and funds our future. So, what happens if an illness or injury stops you from working for an extended period?
This is where Income Protection (IP) comes in. It is arguably the bedrock of any financial plan.
What is Income Protection? Income Protection insurance is a long-term policy designed to pay out a regular, tax-free monthly income if you are unable to work due to any illness or injury. It continues to pay out until you can return to work, retire, or the policy term ends—whichever comes first.
Why is it so crucial? Statutory Sick Pay (SSP) in the UK is a minimal safety net. As of 2025, it provides just over £117 per week, for a maximum of 28 weeks. For most people, this barely covers the cost of groceries, let alone a mortgage or rent.
Let's compare:
| Your Financial Reality | With Only Statutory Sick Pay (SSP) | With Income Protection (IP) |
|---|---|---|
| Monthly Income | Approx. £507 | £2,000 - £4,000+ (typically 50-70% of your gross salary) |
| Cover Duration | Max 28 weeks | Potentially until retirement age (e.g., 67) |
| Financial Stress | Extremely high; risk of debt and arrears | Low; focus can be on recovery, not bills |
| Lifestyle Impact | Severe cuts to all non-essential spending | Lifestyle maintained, financial goals protected |
Key Consideration: The 'Occupation' Definition When choosing an IP policy, the 'definition of incapacity' is vital. The best policies use an 'Own Occupation' definition. This means the policy will pay out if you are unable to perform your specific job. Other, less comprehensive definitions (like 'Suited Occupation' or 'Any Occupation') may not pay out if the insurer believes you could do a different, perhaps lower-paid, job. This is a critical detail where expert advice is invaluable.
Pillar 2: Creating a Financial Shock Absorber for Major Health Crises
While Income Protection replaces your monthly salary, a major illness brings a tidal wave of additional, often unexpected, costs. This is where Critical Illness Cover (CIC) provides a powerful, immediate financial intervention.
What is Critical Illness Cover? CIC pays out a one-off, tax-free lump sum upon the diagnosis of a specific, serious medical condition listed in the policy. The 'big three' covered by all policies are cancer, heart attack, and stroke, but modern comprehensive policies can cover over 50 different conditions, including things like multiple sclerosis, major organ transplant, and Parkinson's disease.
How is the lump sum used? The beauty of CIC is its flexibility. The money is yours to use as you see fit, providing breathing room to make the best decisions for your health and family. Common uses include:
- Clearing a mortgage: Removing the single biggest monthly outgoing.
- Covering private medical treatment: Accessing therapies or drugs not available on the NHS.
- Adapting your home: Installing a ramp, a stairlift, or other necessary modifications.
- Funding a career break: Allowing a partner to take time off work to provide care.
- Replacing lost income: Providing a buffer while you reassess your career post-illness.
Real-Life Scenario: Meet David David, a 45-year-old architect and father of two, suffered a major heart attack. His Income Protection policy kicked in to cover his monthly salary. However, his Critical Illness policy paid out a £150,000 lump sum. He used this to pay off the remaining balance on his mortgage and to fund a private cardiac rehabilitation programme that helped him recover faster. The financial pressure was completely removed, allowing David and his family to focus solely on his health and well-being.
Pillar 3: Gaining Control and Choice Over Your Healthcare Journey
Waiting for treatment can be one of the most stressful aspects of being unwell. Private Medical Insurance (PMI) is the pillar of Life-Proofing that gives you back a crucial element: control.
What is Private Medical Insurance? PMI is a policy that covers the costs of private healthcare, from diagnosis through to treatment. It's designed to work alongside the NHS—accidents and emergencies will still typically be handled by the NHS—but it offers a parallel route for non-emergency care.
The Key Advantages of PMI:
- Speed of Access: This is the primary benefit. PMI allows you to bypass lengthy NHS waiting lists for specialist consultations, diagnostic scans (like MRI and CT), and surgery.
- Choice and Comfort: You can often choose the specialist who treats you and the hospital where you are treated. You are also more likely to get a private, en-suite room, which can significantly aid recovery.
- Access to Specialist Treatments: Some policies provide cover for new drugs or treatments that have been approved for use but are not yet available through the NHS due to funding decisions.
Here’s a comparison of the typical patient journey:
| Stage of Care | Standard NHS Pathway | Private Pathway with PMI |
|---|---|---|
| GP Referral | Referral to NHS specialist; waiting time can be weeks or months. | GP refers to a private specialist; appointment often within days. |
| Diagnostics | Wait for NHS scans/tests, which can add further delays. | Scans and tests are arranged quickly, often within a week. |
| Treatment | Placed on an NHS waiting list for surgery or treatment. | Treatment is scheduled promptly at a time and place of your choosing. |
| Hospital Stay | Likely on a shared ward. | Typically a private, en-suite room. |
PMI is not about saying the NHS is inadequate; it's about having an alternative that provides speed, choice, and comfort when you need it most.
Pillar 4: Ensuring Your Loved Ones Are Secure, Whatever Happens
The final pillar of a Life-Proofed plan addresses the ultimate "what if". It’s about creating a lasting legacy of security and care for the people you leave behind. This involves Life Insurance and intelligent estate planning.
What is Life Insurance? In its simplest form, Life Insurance pays out a cash sum to your loved ones (beneficiaries) if you pass away during the policy term. This money can be a lifeline, helping them to cope financially at an incredibly difficult emotional time.
There are several types to suit different needs:
- Level Term Assurance: Pays out a fixed lump sum. Ideal for covering an interest-only mortgage or providing a general family inheritance.
- Decreasing Term Assurance: The payout amount reduces over time, typically in line with a repayment mortgage. It's a cost-effective way to ensure the mortgage is cleared.
- Family Income Benefit: A thoughtful alternative that pays out a regular, tax-free monthly or annual income instead of a single lump sum. This can be easier for a family to manage and replaces the lost income of the deceased in a more structured way.
The Power of 'The Trust' A crucial piece of expert advice is to place your life insurance policy 'in trust'. It's a simple piece of legal paperwork, usually free to set up when you take out the policy.
The benefits are immense:
- Avoids Probate: The payout goes directly to your beneficiaries, bypassing the lengthy and often complex legal process of probate. This means they get the money much faster.
- Avoids Inheritance Tax (IHT): Because the policy is held in the trust and not technically part of your estate, the payout is not subject to IHT. With the current IHT rate at 40% over the threshold, this can save your family a vast sum of money.
Beyond the Basics: Gift Inter Vivos Insurance For those concerned about IHT on gifts they have made, a Gift Inter Vivos policy is a specialist tool. If you give away a large cash gift or asset, it only becomes fully exempt from IHT if you survive for seven years. This policy pays out a lump sum to cover the potential IHT bill if you were to pass away within that seven-year window, protecting your beneficiaries from an unexpected tax demand.
Life-Proofing for Every Walk of Life
A 'one-size-fits-all' approach doesn't work. Your Life-Proofing strategy must be tailored to your unique circumstances, whether you're a freelancer, a company director, or the head of a growing family.
For the Self-Employed and Freelancers: The Ultimate Safety Net
If you work for yourself, you are your business's most critical asset. There is no safety net—no sick pay, no employer benefits, nothing. This makes a Life-Proofing strategy non-negotiable.
- Income Protection is Essential: This is your replacement salary, your sick pay, and your peace of mind all rolled into one. It ensures your personal and business bills are paid if you can't work.
- Personal Sick Pay: For those in riskier trades (electricians, plumbers, construction workers) or roles where even a short time off is costly, short-term income protection or 'personal sick pay' plans can provide cover from day one of an accident or illness.
- Critical Illness Cover: A lump sum can keep your business afloat while you recover, allowing you to hire temporary help or simply cover overheads without draining your business accounts.
For Company Directors: Protecting Your Business and Your Family
As a company director, you have unique responsibilities and opportunities. Your Life-Proofing plan can be structured in a highly tax-efficient way, protecting both your company and your family.
- Executive Income Protection: This is an IP policy that is paid for by your limited company. The premiums are typically considered an allowable business expense, making it highly tax-efficient. The benefit is paid to the company, which then pays it to you via PAYE.
- Key Person Insurance: What would happen to your business if you or a fellow director were to become critically ill or pass away? Key Person Insurance provides your business with a lump sum to cover lost profits, recruit a replacement, or clear business debts, ensuring the company survives the loss of a vital individual.
- Relevant Life Cover: A tax-efficient alternative to a personal life insurance plan. A Relevant Life Policy is paid for by your business but pays out directly to your family, tax-free. It’s a valuable director's perk that doesn't count towards annual pension allowances.
Here's how business protection compares to personal plans for a company director:
| Protection Type | Paid by... | Tax Treatment of Premiums | Benefit Treatment |
|---|---|---|---|
| Personal IP | You, personally (post-tax) | No tax relief | Payout is tax-free |
| Executive IP | Your Company (pre-tax) | Typically a business expense | Paid to company, then to you via PAYE |
| Personal Life Insurance | You, personally (post-tax) | No tax relief | Payout is tax-free (if in trust) |
| Relevant Life Cover | Your Company (pre-tax) | Typically a business expense | Payout is tax-free to family |
For Families: Building a Fortress of Security
For families, Life-Proofing is an act of love—a tangible way of protecting your partner and children from financial hardship.
- Joint Policies: Joint life and critical illness policies can be a cost-effective way to cover both partners, usually paying out on the first person to be diagnosed or pass away.
- Family Income Benefit: As mentioned, this can be a fantastic way to provide ongoing, manageable financial support that mimics a salary, helping your surviving partner manage the family budget without the stress of a large lump sum.
- Children's Critical Illness Cover: Many comprehensive CIC policies now include a level of cover for your children at no extra cost. This can provide a financial cushion if your child is diagnosed with a serious illness, allowing you to take time off work to be with them.
The Overlooked Advantage: How Life-Proofing Fosters Personal Growth and Resilience
The true power of Life-Proofing extends far beyond the financial. Creating this robust safety net has profound, positive effects on your mental and emotional wellbeing, your relationships, and your overall quality of life.
1. Unlocking Mental Freedom and Reducing Anxiety The constant, low-level hum of financial anxiety—the 'what if' scenarios that play out in our minds—can be exhausting. What if I get sick? How would we pay the mortgage? By proactively addressing these questions with a concrete plan, you liberate significant mental and emotional energy. This newfound peace of mind allows you to be more present, more creative, and more ambitious in your career and personal life.
2. Empowerment Through Proactive Planning Taking control of your financial security is an empowering act of self-care. It shifts your mindset from being a passive worrier to an active architect of your future. This sense of control and preparedness can boost your confidence and resilience, making you better equipped to handle any of life's challenges, big or small.
3. Building Stronger, More Resilient Relationships Money is a common source of stress in relationships. The process of Life-Proofing requires open, honest conversations with your partner about shared goals, fears, and priorities. This collaborative planning strengthens your bond. And should a crisis ever occur, removing the financial strain allows you and your partner to focus entirely on what truly matters: emotional support, care, and recovery. It’s a gift of stability at the most vulnerable of times.
4. A Commitment to Holistic Wellbeing True 'Life-Proofing' isn't just about insurance; it's about living well and mitigating risks where you can. A healthy diet, regular exercise, and sufficient sleep are your first line of defence. At WeCovr, we believe in this holistic approach. That’s why we go beyond just finding the best policies for our clients. We also provide them with complimentary access to our proprietary AI-powered calorie and nutrition tracking app, CalorieHero. It’s a small way we can support our clients' health and wellness journeys, showing that we care about their wellbeing, not just their policies.
Your Step-by-Step Guide to Becoming 'Life-Proofed'
Building your plan might seem complex, but it can be broken down into five manageable steps.
Step 1: Conduct a Financial Health Check Get a clear picture of your current situation.
- Income: What is your monthly take-home pay?
- Outgoings: List all your essential costs: mortgage/rent, utilities, food, transport, childcare, debt repayments.
- Dependants: Who relies on you financially? Your partner, children, or perhaps ageing parents?
- Existing Cover: What protection do you already have? Check your employment contract for sick pay and death-in-service benefits.
Step 2: Define Your 'Why' and Prioritise Your Risks What are you most concerned about?
- Is your primary worry losing your income and not being able to pay the bills? (Priority: Income Protection)
- Is it the financial devastation of a major illness diagnosis? (Priority: Critical Illness Cover)
- Is it ensuring your family can stay in their home if you're not around? (Priority: Life Insurance)
- Is it gaining faster access to healthcare? (Priority: Private Medical Insurance)
Step 3: Understand the Core Solutions Review the four pillars outlined in this guide. Remind yourself what each one does and how it fits into the overall strategy. No single product does everything, which is why a holistic approach is so effective.
Step 4: Seek Independent, Expert Advice Navigating the complexities of different insurers, policy definitions, and application processes can be daunting. An insurer will only sell you their own products. A bank adviser may have a limited panel. This is where an independent, whole-of-market broker like us at WeCovr becomes invaluable. We can:
- Analyse your specific needs, budget, and priorities.
- Compare plans and premiums from all the UK's leading insurers to find the best value.
- Explain the crucial differences in policy wordings (like 'own occupation' definitions).
- Help you with the application process and placing policies in trust.
Our goal is not just to sell you a policy, but to help you build the right Life-Proofing strategy for your unique life.
Step 5: Review and Adapt Regularly Your Life-Proofing plan is a living document, not a 'set it and forget it' purchase. It's crucial to review your cover every few years, or whenever you experience a major life event:
- Getting married or entering a civil partnership
- Buying a new home or increasing your mortgage
- Having a child
- Changing jobs or getting a significant pay rise
- Starting a business
Life-Proofing: An Investment in a Life Lived Fully
In a world of increasing uncertainty, 'Life-Proofing' is the ultimate act of control. It is the intelligent, proactive response to the statistical realities of modern health and finance. It's about transforming anxiety about the future into confidence in the present.
By weaving together the strengths of Income Protection, Critical Illness Cover, Private Medical Insurance, and Legacy Planning, you are not simply buying insurance products. You are investing in peace of mind. You are protecting your relationships from financial strain. You are giving yourself the freedom to pursue your goals, take calculated risks, and live your life to the fullest, secure in the knowledge that you have built a fortress of security around the people and the future you cherish most.
Don't leave your future to chance. Start building your Life-Proofing advantage today.
I'm young and healthy, do I really need to think about this now?
This sounds expensive. Can I really afford all four pillars?
What if I have a pre-existing medical condition? Can I still get cover?
Isn't it better to just put the money into savings or investments?
How do I know which insurance company is the best?
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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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!