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the Unshakeable Future Blueprint

WeCovr Editorial Team · experienced insurance advisers
Last updated Feb 18, 2026
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TL;DR

Your journey of personal growth and legacy isn't secure until you master the overlooked art of strategic life protection. Discover how to shield your progress, empower your family, and build an unyielding foundation against the health and financial uncertainties of 2025. We live in an age of ambition.

Key takeaways

  • Chronic Illness on the Rise: Conditions like cancer, heart disease, and strokes remain major health challenges. Cancer Research UK statistics show that 1 in 2 people in the UK will be diagnosed with some form of cancer during their lifetime. While survival rates are improving dramatically, surviving a serious illness often brings immense financial strain, from lost income to the cost of private care or home modifications.
  • The Mental Health Crisis: The conversation around mental health has opened up, but the challenge is vast. The NHS reports that 1 in 4 adults experience at least one diagnosable mental health problem in any given year. A severe episode can easily lead to months, or even years, off work.
  • The Long-Term Sick: ONS data released in 2024 revealed a record high of 2.8 million people in the UK out of work due to long-term sickness. This highlights a growing gap in our collective safety net.
  • The Gig Economy Generation: The way we work has transformed. The number of self-employed individuals in the UK stands at over 4.2 million, according to the latest ONS Labour Force Survey. These entrepreneurs, freelancers, and contractors are the backbone of the modern economy, but they operate without the safety net of employer-sponsored sick pay, death-in-service benefits, or health insurance.
  • Statutory Sick Pay is Not a Safety Net: For those who are employed, the state provision is minimal. As of 2025, Statutory Sick Pay (SSP) is just over £116 per week. This is rarely enough to cover a mortgage, let alone household bills, food, and other essentials.

Your journey of personal growth and legacy isn't secure until you master the overlooked art of strategic life protection. Discover how to shield your progress, empower your family, and build an unyielding foundation against the health and financial uncertainties of 2025.

We live in an age of ambition. We meticulously plan our careers, chase personal bests in the gym, and curate our lives for growth and fulfilment. We build, we strive, we progress. Yet, the very foundation of this progress is often left exposed, vulnerable to the unpredictable nature of life itself. A sudden illness, an unexpected accident, or a premature death can unravel years of hard work, leaving not just emotional devastation but a financial crisis in its wake.

This is not a conversation about fear; it's a conversation about empowerment. Strategic life protection isn't a morbid preoccupation with the worst-case scenario. It is the final, crucial component of any successful life plan. It’s the scaffolding that ensures your ambitions, your family's security, and your legacy can withstand the inevitable shocks that life throws our way. In 2025, building this unshakeable blueprint is no longer a luxury—it's an absolute necessity.

The Shifting Sands: Understanding Risk in 2025

To build a resilient future, we must first understand the landscape of risk we inhabit today. The UK in 2025 is a far cry from the world our parents knew. The certainties of the past have been replaced by a more fluid, and at times more precarious, reality.

The Health Paradox: We are living longer, a testament to medical advancements. However, this increased longevity comes with a catch. The Office for National Statistics (ONS) data shows that while life expectancy has risen, 'healthy life expectancy' has not kept pace. This means millions of us will spend a significant portion of our later years managing long-term health conditions.

  • Chronic Illness on the Rise: Conditions like cancer, heart disease, and strokes remain major health challenges. Cancer Research UK statistics show that 1 in 2 people in the UK will be diagnosed with some form of cancer during their lifetime. While survival rates are improving dramatically, surviving a serious illness often brings immense financial strain, from lost income to the cost of private care or home modifications.
  • The Mental Health Crisis: The conversation around mental health has opened up, but the challenge is vast. The NHS reports that 1 in 4 adults experience at least one diagnosable mental health problem in any given year. A severe episode can easily lead to months, or even years, off work.
  • The Long-Term Sick: ONS data released in 2024 revealed a record high of 2.8 million people in the UK out of work due to long-term sickness. This highlights a growing gap in our collective safety net.

The Financial Headwinds: The economic climate adds another layer of complexity. The lingering effects of inflation, high interest rates, and the general cost of living mean that UK households have less financial wiggle room than ever before. For many, a sudden drop in income would be catastrophic.

  • The Gig Economy Generation: The way we work has transformed. The number of self-employed individuals in the UK stands at over 4.2 million, according to the latest ONS Labour Force Survey. These entrepreneurs, freelancers, and contractors are the backbone of the modern economy, but they operate without the safety net of employer-sponsored sick pay, death-in-service benefits, or health insurance.
  • Statutory Sick Pay is Not a Safety Net: For those who are employed, the state provision is minimal. As of 2025, Statutory Sick Pay (SSP) is just over £116 per week. This is rarely enough to cover a mortgage, let alone household bills, food, and other essentials.

The stark reality is this: your ability to earn an income is your most valuable asset. Without it, all other plans crumble. Protecting that asset, and protecting your family from the financial fallout of you not being around, is the core principle of our Unshakeable Future Blueprint.

Deconstructing the Blueprint: The Three Pillars of Personal Protection

A truly robust financial plan is built on three core pillars of protection. Each serves a unique purpose, and together they create a comprehensive shield against life’s biggest financial risks. Think of them not as individual products, but as interconnected components of a single, powerful strategy.

Pillar 1: Life Insurance – The Foundation of Your Legacy

Life insurance is the most well-known form of protection, yet it's often misunderstood. In its simplest form, it pays out a tax-free lump sum to your loved ones if you pass away during the policy term. This money provides an instant financial buffer, ensuring that your family can maintain their standard of living without you.

Who needs it? If anyone depends on your income, you need life insurance. This includes:

  • Parents with dependent children.
  • Couples with a joint mortgage.
  • Business owners with financial partners.
  • Anyone who wants to leave a financial gift or cover potential inheritance tax.

Types of Life Insurance:

Policy TypeHow it WorksBest For
Level TermThe payout amount and premiums stay the same throughout the policy term.Covering an interest-only mortgage, providing a lump sum for family living costs, replacing lost income.
Decreasing TermThe payout amount reduces over time, usually in line with a repayment mortgage.Specifically covering a repayment mortgage or other large loan that is being paid down. Premiums are lower.
Whole of LifeGuarantees a payout whenever you die, as long as you keep paying premiums.Covering funeral costs, leaving a guaranteed inheritance, or planning for Inheritance Tax (IHT).

A Smarter Alternative: Family Income Benefit Instead of a single large lump sum, Family Income Benefit pays out a regular, tax-free monthly or annual income to your family from the time of the claim until the end of the policy term. This can be easier for a grieving family to manage and directly replaces your lost monthly salary, helping them budget for ongoing costs like bills, school fees, and daily expenses.

An Essential Tool for Estate Planning: Gift Inter Vivos Insurance Have you gifted a large sum of money or an asset (like a property) to your children? If you pass away within seven years of making that gift, it could be subject to Inheritance Tax. A Gift Inter Vivos policy is a specialised form of life insurance designed to pay out a lump sum to cover this potential tax bill, ensuring your gift reaches its intended recipient in full.

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Pillar 2: Critical Illness Cover (CIC) – The Shield for Your Health

What happens if you don't pass away? Advances in medicine mean we are more likely than ever to survive conditions that were once a death sentence, like a heart attack or cancer. This is fantastic news, but survival comes at a cost.

Critical Illness Cover is designed to address this. It pays out a tax-free lump sum if you are diagnosed with one of a list of specified serious illnesses. This money is yours to use as you see fit:

  • Cover lost earnings while you recover.
  • Pay for private medical treatment or specialist therapies.
  • Adapt your home (e.g., install a ramp or stairlift).
  • Pay off your mortgage or other debts to reduce financial pressure.
  • Allow your partner to take time off work to care for you.

According to the Association of British Insurers (ABI), in 2023, insurers paid out over £1.27 billion in critical illness claims, with the average payout being over £66,000. The most common reasons for claims were cancer, heart attack, and stroke—the "big three" that can affect anyone, at any age.

The Devil is in the Definition: Not all CIC policies are created equal. The number of conditions covered can vary from 30 to over 100. More importantly, the definition of each condition can differ between insurers. A policy might cover "cancer," but the definition might exclude certain early-stage cancers. This is where professional advice is invaluable. A specialist broker can help you navigate these complexities and find a policy with comprehensive and fair definitions.

Pillar 3: Income Protection (IP) – Your Financial Bedrock

If life insurance is the foundation and critical illness cover is the shield, then Income Protection is the bedrock upon which everything else is built. It is arguably the most important insurance policy any working adult can own, yet it is the least held.

Income Protection (sometimes called 'Permanent Health Insurance') pays you a regular, tax-free monthly income if you are unable to work due to any illness or injury. Unlike CIC, it’s not limited to a specific list of conditions. Whether you're off with a bad back, stress, or cancer, your policy can pay out.

Key Features to Understand:

  • The Deferred Period: This is the waiting period before the policy starts paying out. You choose this when you take out the policy. It can be anything from 4 weeks to 52 weeks. The longer the deferred period you choose, the lower your premium. You would typically align this with any sick pay you receive from your employer.
  • Level of Cover: You can typically insure up to 50-70% of your gross monthly income. This is designed to replace the bulk of your take-home pay.
  • The Payout Period: A policy can pay out for a limited period (e.g., 1, 2, or 5 years per claim) or right up until you are able to return to work, or until the policy expires (usually at your chosen retirement age). The latter is known as a 'full-term' policy and offers the most comprehensive protection.

The 'Own Occupation' Gold Standard: This is the most crucial definition in an IP policy. 'Own Occupation' means the policy will pay out if you are unable to do your specific job. Other, less robust definitions might only pay out if you are unable to do any job, which is a much harder threshold to meet. Always aim for an 'Own Occupation' policy.

A note for Tradespeople and high-risk roles: For those in manual jobs like electricians, plumbers, or construction workers, 'Personal Sick Pay' policies are often a better fit. These are typically short-term income protection plans that are easier to secure for riskier occupations and provide a vital safety net.

Specialised Blueprints: Protection for Business Owners & the Self-Employed

If you run your own business or work for yourself, the standard risks are magnified. You are the engine of your enterprise. If you stop, everything stops. This is why a specialised protection blueprint is not just advisable; it's essential for survival and continuity.

For the Company Director: Fortifying Your Business

As a director, you have a duty to protect your company's future. This extends beyond balance sheets and strategy; it includes protecting it from the loss of its most valuable assets—its people.

  • Key Person Insurance: Imagine your business without its top salesperson, its lead developer, or yourself. Key Person Insurance is a policy taken out and paid for by the business on the life of a crucial employee. If that person dies or suffers a critical illness, the policy pays a lump sum directly to the business. This money can be used to cover lost profits, recruit a replacement, or repay business loans, ensuring the company can weather the storm.
  • Executive Income Protection: This is a way for your limited company to provide you, the director, with comprehensive income protection in a highly tax-efficient manner. The company pays the premiums, which are typically an allowable business expense. This is far more efficient than paying for a personal policy out of your own taxed income.
  • Relevant Life Cover: This is a tax-efficient death-in-service benefit for directors of small businesses. It's a life insurance policy paid for by the company, but the payout goes directly to your family, free of inheritance tax (when placed in trust). The premiums are not treated as a P11D benefit-in-kind, offering significant tax advantages over a personal policy.

Director's Protection at a Glance:

PolicyPaid For ByWho BenefitsKey Tax Advantage
Key Person InsuranceThe CompanyThe CompanyPremiums often a business expense
Executive Income ProtectionThe CompanyThe DirectorPremiums a business expense; no P11D
Relevant Life CoverThe CompanyThe Director's FamilyPremiums a business expense; no P11D

For the Self-Employed and Freelancers: The Ultimate Safety Net

When you're self-employed, there is no safety net. No sick pay, no holiday pay, no employer pension contributions. You are entirely responsible for your financial wellbeing.

  • Income Protection is Non-Negotiable: This is your number one priority. An IP policy is the only way to guarantee an income stream if you're struck down by illness or injury. It's the difference between having time to recover properly and being forced back to work too early, or worse, losing your business.
  • Life and Critical Illness Cover: This provides security for your family. If you were to pass away, a life insurance payout could clear your business and personal debts, and provide for your family's future. A critical illness payout gives you the freedom to step away from your business to focus on recovery without the financial pressure.

The key for the self-employed is flexibility. Policies can be structured to accommodate fluctuating incomes, and a good adviser can help you build a plan that adapts as your business grows.

Beyond Insurance: Weaving Wellness into Your Blueprint

A truly unshakeable blueprint isn't just about defence; it's also about offence. Proactively managing your health and wellbeing is the most powerful step you can take to reduce your risk of ever needing to claim on a policy. It can also lead to lower insurance premiums.

Insurers are increasingly recognising this, with many now offering access to virtual GPs, mental health support, and fitness tracking rewards as part of their policies. This is a welcome shift, empowering you to take control of your health.

Here at WeCovr, we believe in going the extra mile for our clients' wellbeing. It's why, in addition to finding you the best protection policies, we provide our customers with complimentary access to CalorieHero, our AI-powered calorie and nutrition tracking app. It's a small way we can help you build healthier habits for a more resilient future.

Simple wellness habits can have a profound impact:

  • A Balanced Diet: Focus on whole foods, lean proteins, and plenty of fruits and vegetables. Small, consistent changes are more effective than drastic, short-lived diets. Tracking your intake can be a powerful tool for understanding and improving your nutrition.
  • Prioritise Sleep: Aim for 7-9 hours of quality sleep per night. Poor sleep is linked to a host of health problems, from a weakened immune system to an increased risk of heart disease and poor mental health.
  • Move Your Body: The NHS recommends at least 150 minutes of moderate-intensity activity a week. This doesn't have to mean gruelling gym sessions. A brisk walk, a cycle ride, or a dance class all count.
  • Manage Stress: Chronic stress is a silent killer. Incorporate mindfulness, meditation, or simply time in nature into your routine to de-stress and improve your mental resilience.

The Art of Strategy: How to Build Your Blueprint in 4 Steps

Feeling overwhelmed? Don't be. Building your protection plan is a logical process. Here's how to approach it.

  1. Step 1: Conduct a Personal Financial Audit. Before you can protect your future, you need to understand your present. Ask yourself:

    • Debts: What is your outstanding mortgage? Do you have car loans, credit cards, or business loans?
    • Dependents: Who relies on your income? What would they need to live comfortably? Think about daily costs, childcare, and future education fees.
    • Income: What is your monthly take-home pay? How much would your family need to replace it?
    • Assets & Savings: What savings do you have? Would they last a week, a month, or a year?

  2. Step 2: Quantify Your Need. Use your audit to calculate how much cover you need. A common rule of thumb for life insurance is to cover your mortgage and any other large debts, plus a lump sum equivalent to 10 times your annual salary. For income protection, aim to cover the maximum 70% of your gross income.

  3. Step 3: Understand the Power of Trusts. This is a simple but critical step that many people miss. When you place your life insurance policy "in trust," the payout goes directly to your chosen beneficiaries. It does not become part of your legal estate. This means the money is paid out much faster (avoiding the lengthy probate process) and it is not subject to Inheritance Tax. Most insurers offer this for free, and it's one of the most powerful estate planning tools available.

  4. Step 4: Don't Go It Alone – Seek Expert Advice. The protection market is complex. Comparing dozens of policies, deciphering medical jargon, and understanding the fine print is a full-time job. This is where a specialist broker is indispensable.

At WeCovr, we provide a human touch backed by powerful technology. We don't just give you a list of prices. We take the time to understand your unique circumstances—your family, your career, your health, and your budget. We then search the entire market, comparing policies from all the UK's leading insurers to find the one that offers the right level of cover, with the right features, at the most competitive price. Our job is to simplify the complex and give you the confidence that your future is truly protected.

Debunking the Myths That Hold You Back

Too often, people put off arranging protection because of common misconceptions. Let's tackle them head-on.

  • Myth: "It's too expensive." Reality: The cost is often far less than people think. For a healthy 30-year-old, comprehensive life insurance can cost less than a few weekly coffees. Income protection might be more, but what is the cost of having no income at all?
  • Myth: "I'm young and healthy, I don't need it." Reality: This is the best time to get it! Premiums are lowest when you are young and healthy. You are locking in that low price for the future, protecting yourself against illnesses or health changes that could make you uninsurable later on. Accidents and illnesses can happen to anyone at any age.
  • Myth: "I have cover through my employer." Reality: This is a great perk, but is it enough? 'Death-in-service' benefits are typically 2-4 times your salary, which may not be enough to clear a mortgage and provide for a family long-term. And crucially, this cover ceases the moment you leave your job. A personal policy belongs to you, regardless of your employer.
  • Myth: "The insurers never pay out." Reality: This is unequivocally false. The ABI's latest data shows that in 2023, the insurance industry paid out a staggering 97.4% of all protection claims, totalling over £7 billion. That's over £19 million paid out to families and individuals every single day. Insurers want to pay valid claims; that is their purpose. The vast majority of declined claims are due to non-disclosure—where the applicant wasn't honest about their health or lifestyle at the application stage.

Your Legacy, Secured

Building a life of purpose, growth, and achievement is a noble pursuit. But true success is not just about what you build; it's about making sure what you build can last.

The Unshakeable Future Blueprint is not a product; it's a mindset. It's the conscious decision to transform vulnerability into resilience. It's the ultimate act of responsibility to yourself, your family, and your business. By strategically combining life insurance, critical illness cover, and income protection, you are not planning for an ending. You are guaranteeing that your journey—and the journey of those you love—can continue, no matter what lies ahead.

Don't leave your legacy to chance. Take control, build your blueprint, and secure your future today.


How much does life insurance cost in the UK?

The cost of life insurance varies significantly based on several factors: your age, health, lifestyle (e.g., whether you smoke), the amount of cover you need, and the length of the policy. For example, a healthy non-smoking 30-year-old might secure £250,000 of level term cover for 25 years for as little as £10-£15 per month. The best way to get an accurate figure is to get a personalised quote.

Can I get income protection if I am self-employed?

Absolutely. In fact, income protection is arguably more important for the self-employed as they have no access to employer sick pay. Insurers will typically want to see evidence of your earnings (usually through your accounts or tax returns) to determine the level of cover you can have, which is generally up to 70% of your pre-tax profits.

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

They serve different purposes and work well together. Critical Illness Cover pays out a one-off, tax-free lump sum if you are diagnosed with a specific serious illness listed on the policy. Income Protection pays a regular, recurring monthly income if you are unable to work due to *any* illness or injury (not just a specific list). A lump sum from a CIC policy can clear a mortgage, while the monthly payments from an IP policy can replace your salary to cover ongoing bills.

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

Not always. For many people, especially if you are young and healthy and applying for a standard amount of cover, insurers can make a decision based on the answers you provide on your application form. However, if you are older, have pre-existing medical conditions, or are applying for a very large amount of cover, the insurer may request a GP report or a mini-medical screening (e.g., blood pressure check, blood/urine sample), which they will arrange and pay for. It is vital to be completely honest on your application.

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

Yes, in many cases you still can. It depends on the condition, its severity, when you were diagnosed, and how it is being managed. You may find that your premiums are higher than for someone with no health conditions, or the insurer may place an "exclusion" on the policy relating to that specific condition. This is an area where an expert broker is invaluable, as they know which insurers have more favourable underwriting for certain conditions and can help you find the best possible terms.

Sources

  • Office for National Statistics (ONS): Mortality and population data.
  • Association of British Insurers (ABI): Life and protection market publications.
  • MoneyHelper (MaPS): Consumer guidance on life insurance.
  • NHS: Health information and screening guidance.

Related tools

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WeCovr is an FCA‑regulated insurance broker. We may earn a commission if you purchase a policy via us. This guide is written to be impartial and informational.

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Why life insurance and how does it work?

What is Life Insurance?

Life insurance is an insurance policy that can provide financial support for your loved ones when you or your joint policy holder passes away. It can help clear any outstanding debts, such as a mortgage, and cover your family's living and other expenses such costs of education, so your family can continue to pay bills and living expenses. In addition to life insurance, insurance providers offer related products such as income protection and critical illness, which we will touch upon below.

How does it work?

Life insurance pays out if you die. The payout can be in the form of a lump sum payment or can be paid as a replacement for a regular income. It's your decision how much cover you'd like to take based on your financial resources and how much you'd like to leave to your family to help them deal with any outstanding debts and living expenses. Your premium depends on a number of factors, including your occupation, health and other criteria.

The payout amount can change over time or can be fixed. A level term or whole of life policy offers a fixed payout. A decreasing term policy offers a payout that decreases over the term of the cover.

With critical illness policies, a payout is made if you’re diagnosed with a terminal illness with a remaining life expectancy of less than 12 months. While income protection policies ensure you can continue to meet your financial commitments if you are forced to take an extended break from work. If you can’t work because you’ve had an accident, fallen sick, or lost your job through no fault of your own, income protection insurance pays you an agreed portion of your salary each month.

Income protection is particularly helpful for people in dangerous occupations who want to be sure their mortgage will always be covered. Income protection only covers events beyond your control: you’re much less likely to be covered if you’re fired from your job or if you injure yourself deliberately.

Questions to ask yourself regarding life insurance

Just ask yourself:
👉 Who would pay your mortgage or rent if you were to pass away or fall seriously ill?
👉 Who would pay for your family’s food, clothing, study fees or lifestyle?
👉 Who would provide for the costs of your funeral or clear your debts?
👉 Who would pay for your costs if you're unable to work due to serious illness or disability?

Many families don’t realise that life, income protection and critical illness insurance is one of the most effective ways to protect their finances. A great insurance policy can cover costs, protect a family from inheriting debts and even pay off a mortgage.

Many would think that the costs for all the benefits provided by life insurance, income protection insurance or critical illness insurance are too high, but the great news is in the current market policies are actually very inexpensive.

Benefits offered by income protection, life and critical illness insurance

Life insurance, income protection and critical illness insurance are indispensable for every family because a child loses a parent every 22 minutes in the UK, while every single day tragically 60 people suffer major injuries on the UK roads. Some people become unable to work because of sickness or disability.

Life insurance cover pays out a lump sum to your family, loved ones or whomever you choose to get the money. This can be used to secure the financial future of your loved ones meaning they would not have to struggle financially in the event of your death.

If it's a critical illness cover, the payout happens sooner - upon diagnosis of a serious illness, disability or medical condition, easing the financial hardship such an event inevitably brings.

Income protection insurance can be very important for anyone who relies on a pay check to cover their living costs, but it's especially important if you’re self-employed or own a small business, where your employment and income is a bit less stable. It pays a regular income if you can't work because of sickness or disability and continues until you return to paid work or you retire.

In a world where 1 in 4 of us would struggle financially after just four weeks without work, the stark reality hits hard – a mere 7% of UK adults possess the vital shield of income protection. The urgency of safeguarding our financial well-being has never been more palpable.

Let's face it – relying on savings isn't a solution for everyone. Almost 25% of people have no savings at all, and a whopping 50% have £1,000 or less tucked away. Even more concerning, 51% of Brits – that's a huge 27 million people – wouldn't last more than one month living off their savings. That's a 10% increase from 2022.

And don't even think about state benefits being a safety net. The maximum you can expect from statutory sick pay is a mere £109.40 per week for up to 28 weeks. Not exactly a financial lifeline, right?

Now, let's tackle a common objection: "But I have critical illness insurance. I don't need income protection too." Here's the deal – the two policies apply to very different situations. In a nutshell:

  • Critical illness insurance pays a single lump sum if you're diagnosed with or undergo surgery for a specified potentially life-threatening illness. It's great for handling big one-off expenses or debts.
  • Income protection, on the other hand, pays a percentage of your salary as a regular payment if you can't work due to illness or injury. It's the superhero that tackles those relentless monthly bills.

Types of life insurance policies

Common reasons for getting a life insurance policy are to:
✅ Leave behind an amount of money to keep your family comfortable
✅ Protect the family home and pay off the mortgage in full or in part
✅ Pay for funeral costs

Starting from as little as a couple of pounds per week, you can do all that with a Life Policy.

Level Term Life Insurance
One of the simplest forms of life insurance, level term life insurance works by selecting a length of time for which you would want to be covered and then deciding how much you would like your loved ones to receive should the worst happen. Should your life insurance policy pay out to your family, it would be in a lump sum amount that can be used in whatever way the beneficiary may wish.

Decreasing Term Life Insurance
Decreasing term life insurance works in the same way as level term, except the lump sum payment amount upon death decreases with time. The common use for decreasing term life cover is to protect against mortgage repayment as the lump sum decreases along with the principal of the mortgage itself.

Increasing Term Life Insurance
Increasing term life insurance aims to pay out a cash sum growing each year if the worst happens while covered by the policy. With increasing term life cover amount insured increases annually by a fixed amount for the length of the policy. This can protect your policy's value against inflation, which could be advantageous if you’re looking to maintain your loved ones’ living standards, continue paying off your mortgage in line with its repayment schedule and cover your children’s education fees.

Whole of Life Insurance
Whereas term life insurance policies only pay out if you pass away during their term, whole of life insurance pays out to your beneficiaries whenever this should happen. The most common uses for whole life insurance are to cover the costs of a funeral or as a vehicle for your family's inheritance tax planning.

Family Income Benefit
Family income benefit is a somewhat lesser-known product in the family of life insurance products. Paying out a set amount every month of year to your beneficiaries, it is the most cost-effective way of maintaining your family's living standards to an age where you'd expect them to be able to support themselves financially. The most common use would be for a family with children who are not working yet so are unable to take care of themselves financially.

Relevant Life Insurance
Relevant Life Insurance is a tax-efficient policy for a director or single employee. A simple level term life insurance product, it is placed in a specific trust to ensure its tax efficiency. The premiums are tax deductible and any benefit payable should a claim arise is also paid out tax free, which makes it an attractive product for entrepreneurs and their businesses.

Important Fact!

There is no need to wait until the renewal of your current policy.
We can look at a more suitable option mid-term!

Why is it important to get life insurance early?

👉 Many people are very thankful that they had their life, income protection, and critical illness insurance cover in place before running into some serious issues. Critical illness and income protection insurance is as important as life insurance for protecting your family's finances.

👉 We insure our cars, houses, bicycles and even bags! Yet our life and health are the most precious things we have.

Easily one of the most important insurance purchases an individual or family can make in their lifetime, the decision to buy life, income protection, critical illness and private medical health insurance can be made much simpler with the help of experienced advisers. They are the specialists who do the searching and analysis helping people choose between various types of life insurance policies available in the market, including income protection, critical illness and other types of policies most suitable to the client's individual circumstances.

It certainly won't do any harm if you speak with one of our experienced FCA-authorised insurance partner experts who are passionate about advising people on financial matters related to life insurance and are keen to provide you with a free consultation.

You can discuss with them in detail what affordable life, income protection, critical illness or private medical health insurance plan for the necessary peace of mind they would recommend! WeCovr works with some of the best advisers in the market.

By tapping the button below, you can book a free call with them in less than 30 seconds right now:

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How It Works

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

Any questions?

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

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

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

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

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

All of our partners are carefully vetted and authorised by the FCA, which means they are held to the highest standards that the FCA expects from them and treat all customers fairly!

Our insurance partners give us a few pounds when you take out a policy with one of their experts.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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