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The Resilient Life Project: Future-Proof Your Growth

The Resilient Life Project: Future-Proof Your Growth 2025

Beyond Self-Help: Uncover how strategic financial and health safeguards – from empowering income protection for tradespeople and nurses to immediate access through private health insurance – form the essential, unbreakable foundation for true personal growth, accelerating your ambitions and securing your legacy in an uncertain world where, by 2025, 1 in 2 individuals are projected to face a cancer diagnosis at some point in their lifetime.

We live in an age of ambition. The self-help industry, valued in the billions, promises us the keys to unlock our potential: cultivate a growth mindset, optimise our morning routine, master the art of productivity. We read the books, listen to the podcasts, and strive to build better versions of ourselves. Yet, for all our efforts in personal development, we often overlook the very foundation upon which all growth is built: resilience.

True, sustainable growth isn't just about reaching for the stars; it's about having a launchpad strong enough to withstand the tremors of life. It’s about having the psychological freedom to take calculated risks, to pursue your passion project, to scale your business, or to simply be present with your family, without a persistent, nagging fear of "what if?".

This is the core of the Resilient Life Project. It's a shift in perspective. It moves beyond mindset hacks to embrace the practical, powerful tools that provide genuine security. In a world where uncertainty is the only certainty, and with sobering statistics from Cancer Research UK projecting that 1 in 2 people born after 1960 will be diagnosed with cancer in their lifetime, relying on hope alone is not a strategy. It's a gamble with everything you hold dear.

This guide will illuminate how strategic financial and health safeguards are not merely defensive measures. They are offensive tools for growth. From Income Protection that empowers a self-employed electrician to work without fear, to Private Medical Insurance that gets a creative director back on their feet in weeks instead of months, these protections are the unsung heroes of personal and professional achievement. They are the essential, unbreakable foundation that allows you to build your life, your career, and your legacy with confidence and courage.

The Modern Hierarchy of Needs: Why Security is the New Bedrock of Ambition

You're likely familiar with Maslow's Hierarchy of Needs, the classic pyramid that places physiological needs like food and shelter at the base, followed by safety, love, esteem, and finally, self-actualisation at the pinnacle. For decades, this has been a useful model for understanding human motivation.

However, in the 21st century, the nature of "safety" has evolved. For most of us in the UK, the threat isn't a predator at the cave entrance; it's a diagnosis from a doctor, an unexpected injury on the job, or the sudden loss of an income that supports our entire world.

This creates a constant, low-level hum of anxiety—a "cognitive tax" that silently drains our mental and emotional resources.

  • Financial Worry: The Money and Mental Health Policy Institute consistently finds a toxic link between financial insecurity and poor mental health. When you're worried about paying the mortgage if you get sick, you have less mental bandwidth for creative problem-solving at work.
  • Health Anxiety: Long NHS waiting lists and the fear of a serious illness can paralyse decision-making. Should you launch that business? Should you take that career leap? The "what if I get ill?" question can be a powerful brake on ambition.
  • The Illusion of Invincibility: Many of us, particularly when young and healthy, operate under a subconscious belief that "it won't happen to me." We build our dreams on the assumption of uninterrupted health and income.

This is why we must re-imagine the hierarchy. Today, the foundational layer of Safety and Security isn't just a roof over your head. It is a robust, pre-planned structure of financial and health safeguards.

The Modern Hierarchy of Ambition

LevelTraditional InterpretationModern InterpretationHow Protection Empowers It
Self-ActualisationAchieving one's full potentialPursuing passion, legacy, creativityFreedom to take risks, knowing your foundation is secure.
EsteemRespect, status, recognitionProfessional achievement, independenceConfidence to lead, innovate, and perform without financial fear.
Love & BelongingFriendship, family, intimacyBeing present for loved ones, communityPeace of mind to focus on relationships, not financial stress.
Safety & SecurityPersonal security, employmentFinancial & health resilienceIncome Protection, Critical Illness Cover, PMI, Life Insurance.
PhysiologicalFood, water, shelterBasic needs met consistentlyProtected income ensures these are never at risk.

Without shoring up that modern Safety & Security layer, any attempt at self-actualisation is like building a skyscraper on sand. The first storm—an accident, an illness, a market downturn—can wash it all away. Strategic protection turns that sand into concrete.

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The Cornerstone of Your Fortress: Empowering Income Protection

If there is one single tool that forms the cornerstone of a resilient life, it is Income Protection (IP). Yet, it remains one of the most misunderstood and under-utilised forms of insurance in the UK.

So, what is it?

In the simplest terms, Income Protection is an insurance policy that pays you a regular, tax-free monthly income if you are unable to work due to any illness or injury. It’s your own personal sick pay scheme, designed to replace a significant portion of your lost earnings. It continues to pay out until you can return to work, reach retirement age, or the policy term ends, whichever comes first.

This is fundamentally different from Critical Illness Cover, which pays a one-off lump sum for a specific, defined condition. Income Protection covers you for a much broader range of situations, from a bad back preventing a builder from working, to stress and burnout forcing an office worker to take extended leave.

The brutal reality is that Statutory Sick Pay (SSP) in the UK is just £116.75 per week (2024/25 rate). Could your family survive on that? For most, the answer is a resounding no. An FCA Financial Lives survey revealed that one in four UK adults have low financial resilience, with less than £1,000 in savings to fall back on.

Why Income Protection is Non-Negotiable for…

1. Tradespeople, Nurses, and Physical Professionals: For electricians, plumbers, construction workers, nurses, and physiotherapists, your body is your business. An injury that might be an inconvenience for a desk worker can be a career-ender for you.

  • The Risk: Higher likelihood of musculoskeletal injuries, accidents, and burnout from physically and emotionally demanding roles.
  • The Solution: A robust IP policy, sometimes referred to as Personal Sick Pay, acts as a direct replacement for the income you lose. It means a knee injury from a fall doesn't lead to a mortgage default. It ensures you can afford proper rehabilitation without the pressure to return to work before you are truly ready, risking further injury.

Comparing SSP to a Typical Income Protection Policy:

FeatureStatutory Sick Pay (SSP)Typical Income Protection (IP)
Weekly Payout£116.75£500 - £1,000+ (up to 65% of gross income)
Payment DurationMax. 28 weeksUntil you return to work or policy ends (e.g., age 65)
Conditions CoveredMust meet government criteriaAny medically-justified inability to work
Tax StatusTaxableTax-free

2. The Self-Employed and Freelancers: For the UK's millions of freelancers, contractors, and sole traders, the mantra is "if you don't work, you don't get paid." There is no employer safety net, no sick pay, no HR department. You are the CEO, the finance department, and the workforce all in one.

  • The Risk: Total and immediate loss of income from day one of an illness or injury.
  • The Solution: Income Protection is your single most important financial safeguard. It’s the buffer that allows you to recover without liquidating your business assets or draining your personal savings. It provides the stability to keep your business afloat—covering overheads and commitments—while you focus on getting better. It’s the ultimate investment in your business continuity.

3. Company Directors: For directors of limited companies, a specialised form of cover called Executive Income Protection offers a highly tax-efficient way to protect both yourself and your business.

  • The Risk: A director's prolonged absence can cripple a small or medium-sized business, impacting strategy, operations, and profitability.
  • The Solution: The policy is owned and paid for by the business. This means the premiums are typically classed as an allowable business expense, making it tax-deductible. The benefit, if paid out, goes to the business, which then pays the director via PAYE. It protects the key individual while being a smart financial move for the company.

Income Protection isn't about planning for failure. It's about creating the conditions for success. It's the financial confidence that allows you to take on a bigger project, hire your first employee, or invest in new equipment, knowing that your personal financial world won't collapse if you have a health setback.

Facing the Unthinkable: Shielding Your Life and Legacy

While Income Protection safeguards your monthly earnings, other tools are needed to protect against life's most profound shocks. This is where Life Insurance and Critical Illness Cover step in, providing lump-sum capital precisely when it's needed most.

With the stark reality that 1 in 2 of us may face a cancer diagnosis, thinking about these scenarios isn't pessimistic; it's pragmatic. It’s a core part of building a resilient financial house for your family.

Critical Illness Cover (CIC): Your Financial First Responder

A serious illness is emotionally and physically devastating. The last thing you or your family should endure at that moment is a financial crisis. Critical Illness Cover is designed to prevent this.

It pays out a tax-free lump sum on the diagnosis of a specified illness listed in the policy. While policies differ, the "big three" are almost always included:

  • Cancer (of a specified severity)
  • Heart Attack
  • Stroke

Most comprehensive policies today cover 40-50+ conditions, including things like multiple sclerosis, major organ transplant, and permanent paralysis.

What can the lump sum be used for? The power of CIC is its flexibility. The money is yours to use as you see fit, providing options and relieving pressure.

  • Clear the mortgage: Removing the largest monthly outgoing provides immense breathing room.
  • Cover medical costs: Access private treatment, specialist consultations, or therapies not available on the NHS.
  • Adapt your home: Install a ramp, a stairlift, or a downstairs bathroom.
  • Enable a partner to take time off: Allow your spouse or partner to step back from work to provide care without financial penalty.
  • Replace lost income: Fund a period of recovery and recuperation without the stress of rushing back to work.

Imagine a diagnosis of breast cancer. The treatment is gruelling. A CIC payout could allow you to pay for childcare, a cleaner, and specialist post-treatment therapy, while your partner reduces their work hours to be with you. It turns a crisis into a manageable challenge.

Life Insurance: The Ultimate Act of Care

Life Insurance is perhaps the most well-known protection product, but its various forms offer tailored solutions for different life stages and goals. At its heart, it's about ensuring the people you love are financially secure if you're no longer there.

  • Term Life Insurance: Provides cover for a fixed period (the "term"), such as the length of your mortgage.
    • Level Term: The payout amount remains the same throughout the term. Ideal for covering an interest-only mortgage or providing a lump sum for family living costs.
    • Decreasing Term: The payout amount reduces over time, usually in line with a repayment mortgage. It's a cost-effective way to ensure your biggest debt is cleared.
  • Family Income Benefit: This is an often-overlooked but brilliant alternative to a traditional lump-sum policy. Instead of one large payout, it provides your family with a regular, tax-free monthly or annual income for the remainder of the policy term. This can be easier to manage and helps replace your lost salary in a more structured way, ensuring bills are paid month after month.
  • Gift Inter Vivos Insurance: A specialist tool for legacy planning. If you gift a significant asset (like property or a large sum of money) to your children, it may be subject to Inheritance Tax if you pass away within seven years. This type of policy, also known as "Inheritance Tax Insurance," pays out a lump sum to cover that potential tax bill, ensuring your gift reaches your loved ones in full. It's a strategic way to secure your legacy.

Navigating these options can feel complex. A broker's role is to demystify them. At WeCovr, we help you navigate these options, comparing policies from leading UK insurers to find the cover that truly aligns with your family's needs and future. We translate the jargon into clear, actionable advice.

Accelerate Your Health: The Strategic Power of Private Medical Insurance

The conversation around resilience isn't just about protecting against the worst; it's also about actively pursuing the best possible health outcomes. In the UK today, one of the biggest obstacles to this is time.

According to NHS England, the waiting list for consultant-led elective care stood at over 7.5 million in early 2025. This figure represents millions of people waiting in pain or uncertainty for diagnoses, scans, and treatments. For a business owner, a freelancer, or a key employee, a six-month wait for a knee operation or a three-month wait for a specialist consultation isn't just a health issue; it's a business crisis.

This is where Private Medical Insurance (PMI) transitions from a "nice-to-have" luxury to a strategic tool for growth and productivity.

PMI offers you and your family prompt access to private healthcare, bypassing the long waits and providing a greater degree of choice and comfort.

Key Advantages of PMI:

  1. Speed of Access: This is the primary benefit. Get a diagnosis and start treatment in days or weeks, not months or years. This drastically reduces the time you spend unable to work, run your business, or live your life to the full.
  2. Choice and Control: You can often choose the specialist, consultant, and hospital where you receive your treatment, giving you greater control over your healthcare journey.
  3. Access to Specialist Care: PMI can provide access to drugs, treatments, and technologies that may not be available on the NHS due to cost or NICE guidelines.
  4. Comfort and Privacy: Treatment is typically in a private hospital with your own room, ensuite facilities, and more flexible visiting hours, creating a less stressful environment for recovery.

Comparing NHS vs. Private Pathways for a Common Procedure (e.g., Hip Replacement):

StageTypical NHS PathwayTypical PMI PathwayImpact on Your Life & Growth
GP ReferralWeeks to see a GP.Days to see a GP.Faster initial assessment.
Specialist Visit2-4 month wait.1-2 week wait.Quicker diagnosis and treatment plan.
Scans (MRI)4-8 week wait.1-3 day wait.Immediate clarity on the issue.
Surgery6-18 month wait.2-4 week wait.Drastically reduces time in pain and inability to work.
RecoveryWard-based recovery.Private room, specialist physio.Better environment for a faster, more effective recovery.

For an ambitious individual, the maths is simple. The cost of a PMI policy is often dwarfed by the potential loss of income, productivity, and opportunity from a long spell on an NHS waiting list. It is an investment in your most valuable asset: your time and your health.

The Business Owner's Blueprint for Organisational Resilience

For company directors and business owners, the Resilient Life Project extends beyond personal protection. It involves building a resilient organisation. A business that can withstand the loss of a key person is a business that is built to last, protecting not only its own future but the financial security of its owner and employees.

Key Person Insurance: Protecting Your Most Valuable Assets

Who is your most valuable asset? It's probably not the machinery or the office building. It's the people. Your star salesperson who brings in 40% of the revenue, your genius developer with all the institutional knowledge, or your visionary co-founder. What would happen to your business if they were suddenly unable to work due to a critical illness or premature death?

Key Person Insurance is designed to answer that question.

  • What it is: A policy taken out and paid for by the business on the life or health of a crucial employee.
  • How it works: If the insured person suffers a critical illness or passes away, the policy pays a lump sum directly to the business.
  • What the funds are used for:
    • Covering lost profits: Replace the revenue the key person would have generated.
    • Recruitment costs: Fund the expensive process of finding and training a suitable replacement.
    • Reassuring stakeholders: Show lenders, investors, and clients that the business has a contingency plan and is stable.
    • Clearing business debt: Pay off loans that the key person may have personally guaranteed.

Without this cover, the loss of a key individual can be a fatal blow to a small or medium-sized enterprise. With it, it's a manageable crisis.

Relevant Life Cover: A Tax-Smart Benefit for Directors

For small businesses that don't have a large group death-in-service scheme, Relevant Life Cover is an incredibly valuable and tax-efficient alternative.

  • What it is: A standalone death-in-service policy for an individual employee or director.
  • The Tax Benefits:
    1. The premiums are paid by the business and are typically an allowable business expense.
    2. They are not treated as a P11D benefit-in-kind for the employee, so there's no extra income tax to pay.
    3. The payout is made into a discretionary trust, so it's not part of the individual's estate for Inheritance Tax purposes.

It's one of the most tax-efficient ways for a director to provide substantial life insurance for their family, paid for by their company.

The Foundation of It All: Everyday Wellness and Proactive Health

While insurance provides a crucial safety net, the ultimate goal of the Resilient Life Project is to not need it. Building resilience starts with the daily choices we make for our physical and mental health. This proactive approach not only reduces your risk of illness but also enhances your energy, focus, and capacity for growth every single day.

  • The Power of Sleep: Don't underestimate it. The UK's Sleep Charity highlights consistent links between poor sleep and chronic health problems like heart disease, diabetes, and poor mental health. Prioritising 7-9 hours of quality sleep is one of the most powerful performance-enhancing strategies available.
  • Nutrition as Fuel: Food is information for your body. A diet rich in whole foods, lean proteins, and healthy fats builds a stronger immune system and provides sustained energy. Conversely, a diet high in processed foods and sugar can promote inflammation and increase health risks. This is why a commitment to our clients' holistic health is so important to us. As part of our service, WeCovr provides complimentary access to our proprietary AI-powered calorie tracking app, CalorieHero. It’s a simple, effective tool to help you understand your nutritional intake and make informed choices that support your long-term health goals.
  • Movement is Medicine: For those in sedentary jobs, breaking up long periods of sitting is crucial. For those in physical jobs, proper stretching and conditioning can prevent injury. Aim for at least 150 minutes of moderate-intensity activity per week, as recommended by the NHS. It could be brisk walking, cycling, or swimming. Find something you enjoy and make it a non-negotiable part of your routine.
  • Managing Your Mind: Chronic stress is a silent killer. Incorporating simple mindfulness practices, taking regular breaks, and spending time in nature can significantly lower cortisol levels and improve cognitive function. Your mental resilience is just as important as your physical health.

Conclusion: From Blueprint to Building Blocks

Personal growth is a noble and worthy pursuit. But true, lasting growth requires more than just ambition and a positive mindset. It requires a foundation of absolute security. It requires the peace of mind that comes from knowing that you have a plan for the unpredictable.

The Resilient Life Project is about making a conscious choice to build that foundation. It's about recognising that products like Income Protection, Critical Illness Cover, and Private Medical Insurance are not expenses to be minimised, but investments in your potential.

  • They are an investment in your ability to take calculated risks.
  • They are an investment in your family's stability and well-being.
  • They are an investment in your peace of mind, freeing up your mental energy to focus on what truly matters: your goals, your passions, and your legacy.

You wouldn't build your dream home without solid foundations and a sturdy roof. Why build your life's ambitions on anything less? Taking the first step is about honestly assessing your own resilience gaps and seeking expert guidance to fill them.

Navigating the world of protection insurance can feel complex, but you don't have to do it alone. Our team of experts at WeCovr can help you build your personalised resilience plan, comparing options from across the market to ensure you have the right safeguards in place to chase your biggest ambitions with confidence.

Is Income Protection the same as Critical Illness Cover?

No, they are fundamentally different and serve different purposes. Income Protection pays a regular monthly income if you are unable to work due to any illness or injury. It's designed to replace your salary. Critical Illness Cover pays a one-off, tax-free lump sum if you are diagnosed with one of the specific serious illnesses listed in the policy. Many people choose to have both to create a comprehensive safety net.

I'm young and healthy, do I really need this cover?

This is a common and understandable question. However, illness and accidents can happen to anyone at any age. In fact, taking out cover when you are young and healthy is the best time to do it. Premiums are significantly lower, and you are less likely to have pre-existing conditions that could lead to exclusions. It's about locking in that protection for your future at the most affordable price.

How much cover do I actually need?

The amount of cover you need is unique to your personal circumstances. However, some general rules of thumb apply. For Life Insurance, a common starting point is to cover 10 times your annual salary or enough to clear your mortgage and any other large debts. For Income Protection, you can typically cover up to 65% of your gross pre-incapacity earnings, which should be enough to cover your essential monthly outgoings. A financial adviser can help you calculate a precise figure based on your budget and needs.

Is protection insurance expensive?

The cost of cover varies widely depending on your age, health, occupation, smoking status, and the level of cover you need. However, it is often more affordable than people think. For example, life insurance for a healthy 30-year-old can cost less than a few cups of coffee per week. Using an independent broker allows you to compare prices and policies from all major UK insurers to find a plan that fits your budget.

As a freelancer, what's the single most important cover for me?

For most freelancers, sole traders, and contractors, Income Protection is the most critical piece of the puzzle. Without an employer to provide sick pay, your income stops the moment you are unable to work. Income Protection is the only policy specifically designed to replace that lost monthly income, providing you with the financial stability to recover without jeopardising your business or personal finances.

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

Yes, it is often still possible to get cover. You must declare any pre-existing conditions during the application process. The insurer's underwriters will then assess your application. Depending on the condition, its severity, and how long ago you had it, they may offer you cover on standard terms, increase the premium (a "loading"), or place an exclusion on the policy relating to that specific condition. It is vital to be completely honest on your application.

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:

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Any questions?

Life, income protection, and/or critical illness insurance are safety nets, very important at a difficult time. If anything happened to you before your cover ends, your life or critical illness insurance would pay a lump sum to your family and/or you (if you took a critical illness or income protection cover) to help cover the losses. Being diagnosed with a critical illness can be devastating, and it won't help matters to be also worrying about how you would cope financially. With a life, income protection, or critical illness policy, you can choose how much cover you need, how you want the policy to pay out, and whether you want cover for both you and your partner. Income protection insurance pays you a regular income if you can't work because of sickness or disability and continues until you return to paid work or you retire. Also known as permanent health insurance, it is quite important for anyone who relies on a paycheck to cover their living costs, but it's particularly important if you're self-employed or own a small business, where your income might be a bit less stable.

Life, income protection, and critical illness insurance pay out millions to families every day. Your expert will explain to you that you need to be honest and open when applying for your insurance.

If you're single with no dependants then it may be that you don't need life assurance. However, if you were to become seriously ill and unable to work, you may benefit from a critical illness or income protection policy. They can help you keep up to date with your rent, bills, food, and other expenses.

It's free to use WeCovr to find life, income protection, and critical illness insurance - we never charge you for quotes. Critical illness, income protection, and life insurance is an investment that pays many times over for you and/or your loved ones.

Life, income protection, and critical illness insurance are important financial products that insurance companies take a lot of care and diligence, so speaking to real human beings ensures that they understand your requirements fully so that you can get the right cover.

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The cost of life insurance depends on several factors, including your age, occupation, health status, and the level of coverage you choose. Your life insurance policy is tailored to your needs, and the cost can vary based on the sum assured, policy term, and other factors.

Some life insurance policies offer an option to add critical illness cover as a rider or as a separate policy. This provides a lump sum payment if you are diagnosed with a critical illness covered by your policy, offering financial support during a difficult time.

Yes, life insurance is available to self-employed individuals to provide financial protection for their loved ones in the event of their death. It ensures that your family can maintain their standard of living and cover expenses such as mortgage payments, bills, and education costs.

If you outlive your life insurance policy and it expires without a claim, you will not receive any payout. Term life insurance policies are designed to provide coverage for a specific period, and once that period ends, the policy terminates without any residual value. However, you can typically renew or purchase a new policy if you still need coverage.

Critical illness insurance provides a lump sum payment if you're diagnosed with a serious illness covered by your policy, offering financial support during a difficult time. It can help cover medical expenses, mortgage payments, and other financial obligations while you focus on recovery.

Critical illness insurance covers a range of serious illnesses and medical conditions specified in your policy, such as cancer, heart attack, stroke, and organ failure. The lump sum payment can be used to cover medical treatment, ongoing care, and living expenses during your recovery.

The cost of critical illness insurance varies depending on factors such as your age, health status, lifestyle, and the level of coverage you choose. Our experts can provide personalised quotes to help you find affordable coverage.

Yes, you can have critical illness insurance alongside your health insurance coverage. Critical illness insurance provides additional financial protection specifically for serious illnesses, complementing your health insurance benefits.

Critical illness insurance policies typically have exclusions for pre-existing conditions and certain medical conditions not covered by the policy. It's essential to review the terms and conditions of your policy to understand what is and isn't covered.

Some critical illness insurance policies may provide coverage for recurring illnesses, while others may not. It's crucial to review the policy terms and understand the specific conditions under which you can make additional claims for recurring illnesses. Your insurer can provide more details on their coverage for recurring critical illnesses.

Yes, you can customise your life insurance policy to suit your individual needs and circumstances. Options may include choosing the sum assured, policy term, premium payment frequency, and additional riders for enhanced coverage.

If you miss a premium payment for your life insurance policy, your coverage may lapse, and your policy could be terminated. However, many insurers offer a grace period during which you can make the payment to keep your policy active. It's essential to contact your insurer to discuss your options if you're unable to make a payment.

Yes, you can typically change the beneficiary of your life insurance policy at any time by completing a beneficiary change form provided by your insurer. It's essential to keep your beneficiary designation up to date to ensure that the proceeds are distributed according to your wishes.

Term life insurance provides cover for a fixed period, such as 10, 20 or 30 years, and pays out a lump sum if you die during that time. It’s often chosen to protect a mortgage or to provide financial support while dependants still rely on your income. Whole-of-life insurance is designed to last for the rest of your life and guarantees a payout whenever you die, as long as premiums are maintained. It’s usually more expensive than term insurance and is sometimes used to help with inheritance tax planning or to leave a guaranteed legacy.

Some term life insurance policies offer the option to convert to a whole life insurance policy without the need for a medical exam or new underwriting. This conversion feature allows you to maintain coverage beyond the term of your policy and provides lifelong protection.

Some life insurance policies offer accelerated death benefits or living benefits that allow you to access a portion of the death benefit if you are diagnosed with a terminal illness. This feature provides financial assistance to help cover medical expenses and other costs during your final months.

While having savings can provide a financial cushion during tough times, income protection insurance offers additional security by replacing a portion of your income if you're unable to work due to illness or disability. It ensures that you can maintain your standard of living and cover essential expenses even if your savings are depleted.

Yes, self-employed individuals can claim income protection insurance if they're unable to work due to illness or disability. Income protection provides a regular income stream to replace lost earnings, helping self-employed individuals cover their living expenses and business costs during periods of incapacity.

The waiting period, also known as the elimination period, is the length of time you must wait after becoming unable to work due to illness or disability before you can start receiving benefits from your income protection insurance policy. Waiting periods typically range from 30 to 90 days, but longer waiting periods may result in lower premiums.

Income protection insurance is designed to provide financial support if you're unable to work due to illness or disability, not for redundancy. However, some policies may offer optional redundancy cover or unemployment cover as an additional benefit, providing a lump sum or monthly payments if you're made redundant.

The tax treatment of income protection insurance benefits depends on whether the premiums were paid with pre-tax or after-tax dollars. Benefits from policies funded with after-tax dollars are typically tax-free, while benefits from policies funded with pre-tax dollars may be subject to income tax. It's essential to consult with a tax advisor to understand the tax implications of your income protection insurance benefits.

Income protection insurance provides a regular income stream if you're unable to work due to illness or disability, while critical illness insurance provides a lump sum payment if you're diagnosed with a covered critical illness, such as cancer, heart attack, or stroke. Critical illness insurance offers financial support to cover medical expenses, living costs, or other obligations during your recovery.

Income protection insurance policies typically have a waiting period (also known as an elimination period) during which you do not receive benefits. If you become unable to work before this waiting period ends, you will not receive any income protection benefits until the waiting period has elapsed. It's important to have sufficient savings or other financial resources to cover your expenses during this initial period.

Many income protection insurance policies allow you to increase your coverage amount if your income rises, without the need for additional underwriting or medical examinations. This feature, sometimes called a 'guaranteed insurability option,' ensures that your coverage keeps pace with your increasing income and financial obligations.

The maximum age to purchase critical illness insurance varies depending on the insurer and the specific policy. While some insurers may offer critical illness insurance up to age 70 or beyond, others may have lower age limits. It's essential to check with insurers to determine their age eligibility criteria for purchasing critical illness insurance.

Whether you can get critical illness insurance if you have pre-existing conditions depends on the insurer's underwriting guidelines and the specific medical conditions. Some insurers may offer coverage with exclusions for pre-existing conditions, while others may decline coverage altogether. It's essential to disclose any pre-existing conditions when applying for critical illness insurance and discuss your options with insurers.

While health insurance provides coverage for medical expenses, critical illness insurance offers financial protection for broader expenses associated with a serious illness, such as lost income, household bills, and lifestyle changes. Critical illness insurance complements health insurance by providing additional financial support during a challenging time, ensuring that you can focus on recovery without worrying about financial burdens.

If you don't make a claim on your critical illness insurance during the policy term, you won't receive a benefit payout. However, having critical illness insurance provides peace of mind knowing that you're financially protected if you're diagnosed with a covered critical illness during the policy term. It's a form of financial preparation for unexpected events and offers valuable protection for you and your family.

If you outlive your critical illness insurance policy and don't make a claim for a covered critical illness during the policy term, the coverage will expire, and you won't receive a benefit payout. Critical illness insurance provides financial protection for a specific period, typically until a specified age or policy term, and offers peace of mind knowing that you're prepared for the unexpected.

Yes, many insurers offer optional riders or add-ons that you can add to your critical illness insurance policy for enhanced coverage. Common riders may include waiver of premium, which waives future premium payments if you become disabled, or return of premium, which refunds a portion of your premiums if you don't make a claim during the policy term. It's essential to review available riders with insurers to customise your coverage to meet your specific needs.

To make a claim on your critical illness insurance policy, you'll need to notify your insurer of your diagnosis and submit a claim form along with any required medical documentation, such as medical reports, test results, and physician statements. Once your claim is reviewed and approved by the insurer, you'll receive the lump sum benefit payment, which you can use to cover medical expenses, living costs, or other financial needs during your recovery.

As we age, the likelihood of encountering health complications increases for us all. In the event that you develop a severe medical condition, critical illness protection can assist with the expenses of crucial bills – enabling you to concentrate on recuperation or adjusting to your new health circumstance.

The typical expense of a Critical Illness protection policy will fluctuate based on aspects such as your age and medical background. As per our investigation, you can secure a policy starting from as low as £8 (for a non-smoking 21-year-old individual).

The most prevalent critical illnesses in the UK are cancer, cardiac arrest, and cerebrovascular accident (stroke).

Cancer is one of the primary causes for critical illness insurance claims in the UK. Cancer constitutes over 80% of critical illness cover claims for females and about 45% of critical illness claims for males.


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