WeCovr.

Login

The Resilience Revolution: Growth Beyond Uncertainty




Scroll for the full guide
↓

TL;DR

How proactively confronting life's inevitable uncertainties—like the projected 1 in 2 lifetime cancer diagnosis by 2025—through intelligent financial protection strategies including Family Income Benefit, Income Protection, bespoke Life and Critical Illness Cover, tailored Personal Sick Pay for vital professions, Life Protection, and even Gift Inter Vivos planning, integrated with strategic private health insurance, is not merely about security, but the foundational step to unlocking true personal growth, strengthening relationships, and living a fearless, purpose-driven life. Life is a masterpiece of unpredictability. We plan, we strive, we build, yet we all live with an undercurrent of uncertainty.

Key takeaways

  • The Health Challenge: Leading health organisations like the NHS and Cancer Research UK consistently highlight the prevalence of serious illness. The "1 in 2" cancer statistic is a powerful headline, but the reality behind it includes millions of individual stories of disrupted lives, careers put on hold, and immense emotional strain. Beyond cancer, conditions like heart attacks, strokes, and debilitating neurological disorders affect hundreds of thousands of people each year.
  • The Income Gap: The Office for National Statistics (ONS) reports that millions of working days are lost to long-term sickness annually. For many, Statutory Sick Pay (SSP) is the only safety net, providing a minimal amount that is rarely sufficient to cover essential outgoings like mortgage payments, council tax, and utility bills. In 2025, SSP is approximately £116 per week—a fraction of the average UK salary.
  • The Financial Fallout: A critical illness diagnosis is often a double-edged sword. Not only do you face a health battle, but you also face a financial one. Research from charities like Macmillan Cancer Support frequently shows that a majority of people with cancer experience a significant financial impact, often amounting to hundreds of pounds a month in extra costs and lost income.
  • How it Works: If you are unable to work due to any medically recognised illness or injury, an IP policy will pay you a regular, tax-free monthly income. This is typically between 50-70% of your gross salary.
  • The Deferment Period: You choose a "deferment" or "waiting" period when you take out the policy. This is the length of time you must be off work before the payments begin. It can range from one day to 12 months. A longer deferment period means a lower premium, so you can align it with any sick pay you receive from your employer or your personal savings.

How proactively confronting life's inevitable uncertainties—like the projected 1 in 2 lifetime cancer diagnosis by 2025—through intelligent financial protection strategies including Family Income Benefit, Income Protection, bespoke Life and Critical Illness Cover, tailored Personal Sick Pay for vital professions, Life Protection, and even Gift Inter Vivos planning, integrated with strategic private health insurance, is not merely about security, but the foundational step to unlocking true personal growth, strengthening relationships, and living a fearless, purpose-driven life.

Life is a masterpiece of unpredictability. We plan, we strive, we build, yet we all live with an undercurrent of uncertainty. It's the silent "what if?" that can temper our boldest ambitions and colour our brightest days. But what if we could transform that uncertainty from a source of anxiety into a catalyst for growth? This is the essence of the Resilience Revolution: a fundamental shift in mindset from passively hoping for the best to proactively building a fortress of security that allows you to truly thrive.

It’s not about dwelling on morbid statistics, such as the sobering projection from Cancer Research UK that 1 in 2 people will be diagnosed with cancer in their lifetime. Instead, it’s about acknowledging these realities and using them as motivation. It’s about building a financial and personal framework so robust that when life’s storms hit—be it illness, injury, or bereavement—you and your loved ones are not just sheltered, but are empowered to continue growing, learning, and living with purpose.

This guide will explore how a sophisticated, multi-layered approach to financial protection is the bedrock of this resilience. By weaving together the right combination of policies, you’re not just buying insurance; you're investing in peace of mind, unlocking potential, and giving yourself the ultimate permission to live a bigger, bolder life.

The Uncomfortable Truth: Facing Modern Uncertainties Head-On

Before we can build resilience, we must understand what we are building it against. In the UK today, the financial and emotional challenges posed by unforeseen life events are stark. Ignoring them is not a strategy.

The Statistical Reality

Let's look at the facts, not to create fear, but to foster understanding and inspire action.

  • The Health Challenge: Leading health organisations like the NHS and Cancer Research UK consistently highlight the prevalence of serious illness. The "1 in 2" cancer statistic is a powerful headline, but the reality behind it includes millions of individual stories of disrupted lives, careers put on hold, and immense emotional strain. Beyond cancer, conditions like heart attacks, strokes, and debilitating neurological disorders affect hundreds of thousands of people each year.
  • The Income Gap: The Office for National Statistics (ONS) reports that millions of working days are lost to long-term sickness annually. For many, Statutory Sick Pay (SSP) is the only safety net, providing a minimal amount that is rarely sufficient to cover essential outgoings like mortgage payments, council tax, and utility bills. In 2025, SSP is approximately £116 per week—a fraction of the average UK salary.
  • The Financial Fallout: A critical illness diagnosis is often a double-edged sword. Not only do you face a health battle, but you also face a financial one. Research from charities like Macmillan Cancer Support frequently shows that a majority of people with cancer experience a significant financial impact, often amounting to hundreds of pounds a month in extra costs and lost income.

This isn't about scaremongering; it's about pragmatism. These events happen. The defining factor is not if they happen, but how prepared you are when they do. A well-laid plan transforms a potential catastrophe into a manageable challenge.

The Financial First Aid Kit: Your Personalised Protection Portfolio

Thinking of "life insurance" as a single product is like thinking of a "vehicle" as only a car. The reality is a diverse ecosystem of specialised tools, each designed for a specific purpose. A truly resilient financial plan involves creating a bespoke portfolio of these tools, tailored to your unique circumstances.

Here’s a snapshot of the core components:

Protection ProductPrimary PurposeIdeal For
Income ProtectionReplaces a portion of your monthly income if you can't work due to illness or injury.Virtually all working adults, especially the self-employed and those with dependants.
Critical Illness CoverPays a tax-free lump sum on diagnosis of a specified serious illness.Homeowners, families, anyone who would face significant costs during a major health crisis.
Life Insurance / ProtectionPays a lump sum or regular income to your loved ones upon your death.Anyone with financial dependants, a mortgage, or outstanding debts.
Family Income BenefitA type of life insurance that pays a regular, tax-free income rather than a single lump sum.Young families who need to replace a lost monthly salary to cover ongoing costs.
Personal Sick PayShort-term income protection, often with a very short waiting period (e.g., 1 day).Tradespeople and those in high-risk jobs who can't afford any time off without pay.
Gift Inter VivosCovers the potential Inheritance Tax liability on a large gift if you die within 7 years.Individuals making substantial gifts to family as part of their estate planning.

Let's explore these crucial components in more detail.

Income Protection: The Bedrock of Financial Stability

If you were to protect only one thing, it should be your ability to earn an income. Your income is the engine that powers everything else: your home, your lifestyle, your family's future. Income Protection (IP) is the insurance for that engine.

  • How it Works: If you are unable to work due to any medically recognised illness or injury, an IP policy will pay you a regular, tax-free monthly income. This is typically between 50-70% of your gross salary.
  • The Deferment Period: You choose a "deferment" or "waiting" period when you take out the policy. This is the length of time you must be off work before the payments begin. It can range from one day to 12 months. A longer deferment period means a lower premium, so you can align it with any sick pay you receive from your employer or your personal savings.
  • Real-Life Example: Consider Sarah, a 35-year-old self-employed graphic designer earning £45,000 a year. She has no employee sick pay to fall back on. She suffers a serious back injury and is told she cannot work for at least nine months. Because she has an Income Protection policy with a one-month deferment period, after the first month, she starts receiving £2,250 per month, tax-free. This allows her to pay her mortgage, bills, and business overheads without draining her savings or going into debt. She can focus entirely on her recovery.

Life and Critical Illness Cover: The Dual Shield

Whilst Income Protection covers your monthly cash flow, Life and Critical Illness Cover provides a capital injection when it's needed most.

  • Life Cover (or Life Protection): This is the simplest form. It pays out a lump sum if you pass away during the policy term. This money is most commonly used to pay off a mortgage, clear other debts, and provide a financial cushion for the family left behind.
  • Critical Illness Cover (CIC): Often bundled with life cover, CIC pays out its tax-free lump sum upon the diagnosis of a specific, serious (but not necessarily fatal) condition listed in the policy. Common conditions include specific cancers, heart attack, stroke, and multiple sclerosis.
  • The Synergy: The lump sum from a CIC policy can be life-changing. It gives you choices. You could use it to:
    • Clear or reduce your mortgage, lowering your monthly outgoings.
    • Pay for private medical treatment or specialist therapies.
    • Adapt your home for new mobility needs.
    • Allow a partner to take time off work to care for you.
    • Simply remove financial stress so you can focus 100% on getting better.

Family Income Benefit: A Different Kind of Lifeline

For young families, the prospect of managing a huge lump sum after a bereavement can be daunting. Family Income Benefit (FIB) offers a more manageable and intuitive alternative.

Instead of paying a single lump sum, an FIB policy pays out a regular, tax-free monthly or annual income to your family, from the point of the claim until the end of the policy term.

  • Why it's Smart for Families: You can set the income level to match your current salary, effectively replacing your contribution to the household finances. This makes budgeting simple and secure for the surviving partner, covering everything from school fees and childcare to daily living costs. It’s often significantly more affordable than an equivalent lump-sum policy.
Get Tailored Quote

Personal Sick Pay: Tailored Cover for Hands-On Professions

Some professions simply can't afford to wait a month for an Income Protection policy to kick in. Tradespeople, construction workers, nurses, dentists, and delivery drivers often work on a contract or self-employed basis where if they don't work, they don't get paid.

Personal Sick Pay is a form of short-term IP designed for this exact scenario.

  • Key Feature: The main benefit is the very short deferment period, often "Day 1" or "Week 1". This means if you're an electrician who falls and breaks a wrist, your payments can start almost immediately, covering your bills while you heal.
  • The Trade-Off: The benefit period is usually shorter than long-term IP, typically lasting for 1 or 2 years per claim. It's a vital tool for immediate financial triage, perfectly complementing a long-term IP policy with a longer deferment period.

Gift Inter Vivos: Intelligent Inheritance Tax Planning

Resilience isn't just about protecting against the unexpected; it's also about smart planning for the inevitable. Inheritance Tax (IHT) is a key consideration for anyone with significant assets.

Under UK law, if you make a large gift (e.g., a property deposit for a child) and then pass away within seven years, that gift may be subject to IHT. A Gift Inter Vivos policy is a specialised life insurance plan designed to cover this specific, tapering tax liability. It ensures that the full value of your gift goes to your loved ones, not the taxman. It’s a sophisticated tool for those engaged in thoughtful estate planning.

The Power of Access: Integrating Private Medical Insurance (PMI)

Financial protection policies are designed to manage the financial consequences of illness. Private Medical Insurance (PMI) is designed to manage the health side of the equation by providing faster access to diagnosis and treatment. The two work in perfect harmony.

FeatureCritical Illness CoverPrivate Medical Insurance
What it PaysA tax-free lump sum of money directly to you.The medical bills for private diagnosis and treatment, directly to the hospital/clinic.
How You Use ItComplete freedom. Use it for your mortgage, bills, travel, or private treatment.For eligible medical care as defined in your policy. You can't use it for general living costs.
When it PaysOn diagnosis of a specified condition.When you need eligible medical tests, consultations, or treatment.
Core BenefitFinancial freedom and choice.Speed of access and choice of specialist.

Integrating PMI into your resilience strategy can have a profound impact. Facing a potential cancer diagnosis, the ability to see a specialist within days rather than weeks or months can be invaluable, not just for your health outcome but for your mental wellbeing. Faster treatment can also mean a quicker recovery and return to work, reducing the length of time you might need to claim on your Income Protection policy.

For the Business Architects: Protection Strategies for Directors & the Self-Employed

For those running their own business, resilience takes on another dimension. You are not just protecting your family; you are protecting your life's work, your employees, and your legacy.

Key Person Insurance: Protecting Your Most Valuable Asset

In many small to medium-sized businesses, there is one individual whose skill, knowledge, or connections are critical to the company's success. This could be a top salesperson, a technical genius, or the founder themselves. What happens if they are suddenly unable to work?

Key Person Insurance is a policy taken out by the business on the life or health of that critical employee. If the key person passes away or suffers a critical illness, the policy pays a lump sum to the business. This money can be used to:

  • Cover the costs of recruiting and training a replacement.
  • Repay business loans that the key person may have guaranteed.
  • Inject working capital to cover a potential drop in profits during the transition.
  • Reassure investors, clients, and creditors that the business can and will continue.

Executive Income Protection: A Director's Safety Net

This is a powerful and tax-efficient way for company directors to secure their own income. An Executive Income Protection policy is owned and paid for by the limited company.

  • The Tax Advantage: The premiums are typically considered an allowable business expense, meaning they can be offset against corporation tax.
  • How it Works: If the director is unable to work due to illness or injury, the policy pays a monthly benefit to the company. The company then pays this to the director via the normal payroll system (PAYE), providing them with a continuing salary. It's a superior alternative to personal IP for many directors.

The Freelancer's Fortress: Why IP is Non-Negotiable

For the UK's millions of freelancers, contractors, and sole traders, there is no safety net. No employer sick pay, no holiday entitlement, no one to cover your work if you're unwell. You are the business.

This makes a robust Income Protection policy the absolute cornerstone of your financial planning. It is the one policy that ensures your personal and business finances can survive a period of illness. It provides the stability to keep your business afloat and your family secure, transforming a potential business-ending event into a temporary pause.

Beyond the Policy: How Financial Resilience Fuels Personal Growth

This is the heart of the Resilience Revolution. Once you have methodically and intelligently addressed the "what ifs," something remarkable happens. The mental energy previously consumed by financial anxiety is liberated.

From Scarcity to Abundance

Living with financial precariousness forces a scarcity mindset. You make decisions based on fear of loss. When you build a foundation of security, you can shift to an abundance mindset. You start making decisions based on opportunities for growth. This newfound confidence can permeate every area of your life.

  • Career: You might feel empowered to negotiate a better salary, take on a more challenging project, or even start the business you’ve always dreamed of, knowing that your core financial obligations are protected.
  • Personal Development: You can invest time and resources in learning a new skill, pursuing a passion project, or travelling, without the nagging fear that a single mishap could derail your finances.

Strengthening the Ties That Bind

Financial stress is one of the leading causes of conflict in relationships. By proactively planning for the future together, couples remove a huge potential source of friction. The conversation shifts from "What would we do if...?" to "What can we now achieve because...?" This collaborative planning builds trust, deepens intimacy, and creates a shared sense of security and purpose.

A Holistic Approach to Wellbeing

True resilience is holistic. Financial health and physical health are deeply intertwined. The peace of mind that comes from a solid protection plan reduces chronic stress, which has a proven positive impact on your physical health.

Furthermore, it encourages a proactive stance towards your wellbeing in general. At WeCovr, we believe in supporting our clients' complete journey to resilience. It's why, in addition to finding you the most suitable and competitive protection policies, we provide our clients with complimentary access to our AI-powered calorie and nutrition tracker, CalorieHero. We know that small, consistent steps in health and wellness—like managing your diet, ensuring quality sleep, and staying active—are the daily habits that build a resilient life, complementing the long-term security your insurance provides.

  • Diet: A balanced diet fuels not just your body, but your brain. Good nutrition improves focus, energy, and your ability to manage stress.
  • Sleep: Quality sleep is non-negotiable for cognitive function, emotional regulation, and physical recovery.
  • Activity: Regular movement, whether it's a walk in the park or a gym session, is one of the most powerful tools for managing mental and physical health.

The world of protection insurance can be complex. Policies vary hugely between insurers in their definitions, exclusions, and price. Trying to navigate this alone can be overwhelming and lead to costly mistakes or, worse, inadequate cover.

This is where an independent, expert broker is invaluable. A broker like us at WeCovr works for you, not the insurance companies.

  • Whole-of-Market Access: We compare plans from all the UK's leading insurers to find the right fit for your specific needs and budget.
  • Expert Guidance: We translate the jargon and help you understand exactly what you are covered for. We can advise on the right levels of cover and the most suitable portfolio of products.
  • Application Support: The application process can be detailed, especially if you have pre-existing medical conditions. We guide you through it, ensuring full and fair disclosure to prevent issues at the point of a claim.
  • Your Advocate at Claim Time: Should the worst happen, we are there to help you and your family with the claims process, ensuring it is as smooth and stress-free as possible.

Conclusion: Building Your Legacy of Resilience

The Resilience Revolution is a call to action. It is a call to look uncertainty in the eye and choose to be prepared. It’s about understanding that protecting yourself and your family is not a negative or fearful act, but one of the most profound acts of love, empowerment, and optimism you can undertake.

By strategically implementing a portfolio of protection—from Income Protection and Critical Illness Cover to more specialist plans like Key Person or Gift Inter Vivos insurance—you are not just building a financial safety net. You are laying the foundation for a life lived with less fear and more freedom. You are giving yourself the gift of peace of mind, strengthening your most important relationships, and unlocking the mental space to pursue true personal and professional growth.

This is your legacy. A legacy not just of what you leave behind, but of how you choose to live right now: fearlessly, purposefully, and resiliently.

Frequently Asked Questions (FAQs)

Is life insurance and protection insurance expensive?

This is a common myth. The cost of protection insurance varies widely based on your age, health, lifestyle (e.g., whether you smoke), the type of cover, the amount of cover, and the policy term. For a healthy non-smoker in their 30s, comprehensive cover can often be secured for less than the cost of a daily coffee or a monthly streaming subscription. An adviser can help find a plan that fits your budget.

Do I need to have a medical exam to get cover?

Not always. For many people, cover can be granted based solely on the answers you provide in the application form and a check of your medical records with your GP. For larger sums assured, older applicants, or those with certain pre-existing conditions, the insurer may request a mini-screening with a nurse or a full medical examination, which they will pay for.

What is the main difference between Income Protection and Critical Illness Cover?

They serve two different but complementary purposes. Income Protection is designed to replace your monthly income if any illness or injury stops you from working, paying out a regular salary until you can return to work or the policy ends. Critical Illness Cover pays a one-off, tax-free lump sum if you are diagnosed with one of the specific serious conditions listed in the policy, regardless of whether you can work or not. Many people have both to cover different needs.

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

Yes, in many cases you can. It's vital to be completely honest about your medical history. The insurer may offer you cover on standard terms, increase the premium, or place an exclusion on your policy relating to your specific condition. A specialist broker is invaluable here, as they know which insurers are more likely to offer favourable terms for certain conditions.

Why can't I just rely on my savings or state benefits?

For most people, state benefits like Statutory Sick Pay (SSP) or Universal Credit are not enough to cover their essential monthly outgoings. A serious illness could last for many months or even years, and most people's savings would be quickly exhausted. A long-term illness could easily deplete a lifetime of savings. Protection insurance is designed to provide a substantial, dedicated safety net that ensures your financial life can continue even when you can't work.

Related guides

Beyond Wellness: The Resilience Revolution
Beyond Wellness: The Resilience Revolution
Read more →
Future-Proof Growth: Beyond Resilience
Future-Proof Growth: Beyond Resilience
Read more →
Future-Proof Your Growth: Beyond Resilience
Future-Proof Your Growth: Beyond Resilience
Read more →
Future-Proofing Your Growth: The Resilience Revolution
Future-Proofing Your Growth: The Resilience Revolution
Read more →
Growth Beyond Limits: The Resilience Blueprint
Growth Beyond Limits: The Resilience Blueprint
Read more →
Growth Beyond Mindset: The Resilience Blueprint
Growth Beyond Mindset: The Resilience Blueprint
Read more →

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 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:

Our Group Is Proud To Have Issued 900,000+ Policies!

We've established collaboration agreements with leading insurance groups to create tailored coverage
Working with leading UK insurers
Allianz Logo
Ageas Logo
Covea Logo
AIG Logo
Zurich Logo
BUPA Logo
Aviva Logo
Axa Logo
Vitality Logo
Exeter Logo
WPA Logo
National Friendly Logo
General & Medical Logo
Legal & General Logo
ARAG Logo
Scottish Widows Logo
Metlife Logo
HSBC Logo
Guardian Logo
Royal London Logo
Cigna Logo
NIG Logo
CanadaLife Logo
TMHCC Logo

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.

Learn more

...

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!

Important Information

Since 2011, WeCovr has helped thousands of individuals, families, and businesses protect what matters most. We make it easy to get quotes for life insurance, critical illness cover, private medical insurance, and a wide range of other insurance types. We also provide embedded insurance solutions tailored for business partners and platforms.

Political And Credit Risks Ltd is a registered company in England and Wales. Company Number: 07691072. Data Protection Register Number: ZA207579. Registered Office: 22-45 Old Castle Street, London, E1 7NY. WeCovr is a trading style of Political And Credit Risks Ltd. Political And Credit Risks Ltd is Authorised and Regulated by the Financial Conduct Authority and is on the Financial Services Register under number 735613.

About WeCovr

WeCovr is your trusted partner for comprehensive insurance solutions. We help families and individuals find the right protection for their needs.

Insurance Products

Resources

Legal

© 2026 WeCovr. Made with in London