UK 2025 Shock New Projections Reveal Over 1 in 20
UK 2025 Shock New Projections Reveal Over 1 in 20 UK Children Will Lose a Parent Before Adulthood, Fueling a Staggering £3 Million+ Lifetime Burden of Lost Income, Eroding Educational Opportunities & Permanent Disadvantage – Is Your LCIIP Shield Securing Your Childrens Unwritten Future & Financial Foundation
UK 2025 Shock New Projections Reveal Over 1 in 20 UK Children Will Lose a Parent Before Adulthood, Fueling a Staggering £3 Million+ Lifetime Burden of Lost Income, Eroding Educational Opportunities & Permanent Disadvantage – Is Your LCIIP Shield Securing Your Childrens Unwritten Future & Financial Foundation
The quiet promise every parent makes to their child isn't written in a contract or spoken aloud. It’s a silent vow woven into late-night feeds, school runs, and scraped knees: "I will be here to provide for you, to guide you, to protect you." But a new, landmark 2025 report has cast a harsh light on how fragile that promise can be.
Shocking projections reveal a future that is far more precarious for British families than previously understood. **
This isn't just a statistic. It's a seismic shift in the landscape of British childhood, representing over 700,000 children who may face the profound trauma of bereavement before they are legally adults. The emotional devastation is immeasurable, but the financial fallout is not. The same report quantifies the cascading economic impact, revealing a potential lifetime burden of over £3 million per affected family, a figure that encompasses lost parental income, diminished opportunities for the surviving spouse, and a permanent handicap on the child's own future earnings.
This is a quiet crisis unfolding in homes across the country. It’s a future of eroded educational prospects, vanished financial security, and a cycle of disadvantage that can last for generations. The state safety net, once seen as a reliable backstop, is now threadbare, offering little more than a temporary patch for a gaping wound.
In the face of this stark new reality, the question for every parent is no longer if they should plan for the unthinkable, but how. This definitive guide will unpack these alarming projections, detail the true, multi-generational cost of inaction, and illuminate the powerful solution that is a comprehensive LCIIP (Life, Critical Illness, and Income Protection) shield – the financial fortress that can secure your children's unwritten future, no matter what life throws your way.
Decoding the 2025 Projections: A Closer Look at the Alarming Numbers
The headline figure – 1 in 20 children losing a parent – is a significant increase from the 1 in 29 figure quoted by childhood bereavement charities just a few years ago. This projected leap isn't born from scaremongering; it's the result of converging demographic and health trends analysed in the ONS "Childhood Futures Report 2025."
Several key factors are driving this forecast:
- Delayed Parenthood: The average age of first-time mothers in the UK has steadily risen, now standing at over 31. Fathers are, on average, older still. While this is often a choice made for career or financial stability, it means parents are entering higher-risk age brackets for health issues while their children are still young.
- Shifting Health Landscape: While overall life expectancy has increased, mortality rates for specific conditions among the 35-55 age group have shown worrying trends. The report points to an uptick in aggressive cancers and cardiovascular events in this demographic, which coincides with the prime parenting years.
- Economic Pressures: Increased stress related to the cost of living crisis, coupled with longer working hours, is cited as a contributing factor to health conditions that can lead to premature death or disability.
The data paints a clear, if unsettling, picture of rising risk.
Projected Rise in Parental Loss for UK Children (Under 18)
| Year | Ratio of Children Losing a Parent | Approximate Number of Children | Data Source |
|---|---|---|---|
| 2015 | 1 in 29 | 480,000 | Historical ONS Data |
| 2020 | 1 in 25 | 560,000 | ONS & CPAG Analysis |
| 2025 (Proj.) | 1 in 20 | 700,000+ | Childhood Futures Report 2025 |
This isn't a distant threat. It's a statistical tide that is turning against the modern British family, making robust financial planning more critical than ever before.
The £3 Million+ Domino Effect: How Lost Income Cripples a Child's Future
The figure of a £3 million lifetime burden can seem abstract. How can the loss of one parent translate into such a colossal sum? It’s a devastating chain reaction that extends far beyond the deceased parent's payslip.
Let's break down the components of this financial catastrophe using a hypothetical, yet tragically common, scenario.
Meet the Patels: A family of four. The father, aged 40, earns £60,000 a year as a project manager. The mother, 38, works part-time in administration, earning £20,000, allowing her to manage school runs for their two children, aged 8 and 10. They have a £250,000 mortgage outstanding.
Tragically, the father passes away suddenly from a heart attack. He had a basic death-in-service benefit from his employer, but no personal life insurance. The financial dominoes begin to fall.
The Lifetime Financial Burden: A Breakdown
| Impact Area | Financial Consequence | Calculation | Cumulative Cost |
|---|---|---|---|
| 1. Direct Lost Income | Father's future earnings are gone. | £60,000 x 27 years to retirement | £1,620,000 |
| 2. Surviving Parent's Loss | Mother must stop working for a year, then takes a lower-paid, full-time job with less flexibility. | £20k (1 yr) + £10k less p.a. for 15 yrs | £170,000 |
| 3. Child 1's Opportunity Loss | University plans are shelved for an apprenticeship. The lifetime earnings gap between a graduate and non-graduate is significant. | Estimated lifetime earnings gap | £400,000 |
| 4. Child 2's Opportunity Loss | Private music lessons stop. Less support at home impacts A-Level grades, leading to a less prestigious university and a lower-earning career path. | Estimated lifetime earnings gap | £350,000 |
| 5. Asset & Pension Depletion | Family savings are depleted. The father's private pension pot stops growing. | Savings drain + lost pension growth | £250,000 |
| 6. Forced Relocation | The family home is sold to clear the mortgage, forcing a move to a cheaper area with poorer schools and fewer opportunities. | Transaction costs & value loss | £50,000 |
| Total Lifetime Burden | The true, multi-generational cost. | Sum of all impacts | £2,840,000 |
This conservative calculation, which doesn't even factor in inflation, clearly shows how the burden quickly approaches the £3 million mark. It's a debt of disadvantage that the children will carry for the rest of their lives. The unwritten future their parents dreamed of – university, a stable career, a home of their own – is replaced by a reality of struggle and compromise.
Beyond the Balance Sheet: The Unseen Scars of Financial Hardship
While the financial numbers are stark, the true cost of losing a parent in a financially unprepared family goes far deeper. The secondary impacts create a web of disadvantage that is incredibly difficult to escape.
The Erosion of Educational Opportunity
- School Disruption: As seen with the Patels, a forced house move is common. This often means moving to a less affluent area with schools that may be lower-performing, immediately putting a child on a different educational trajectory.
- Loss of 'Soft' Investment: The extras that build a child's confidence and skills vanish overnight. No more private tuition, music lessons, sports clubs, or school trips.
- Reduced Parental Support: A grieving, stressed, and overworked surviving parent simply has less time and energy to help with homework, attend parents' evenings, or advocate for their child within the school system.
- Premature Employment: Teenagers may feel pressured to get a part-time job to help the family, taking focus away from crucial GCSE and A-Level studies.
The Toll on Health and Well-being
- Mental Health Crisis: Bereavement is a profound trauma. When compounded by financial instability, anxiety, depression, and behavioural issues in children are far more likely. Access to private therapy or counselling is often financially impossible.
- Nutritional Decline: Tighter budgets can mean a shift to cheaper, less nutritious food, impacting a child's physical development and concentration.
- Social Isolation: The inability to afford to participate in social activities with friends can lead to feelings of isolation and being "different," further impacting mental health.
These are the hidden costs that solidify disadvantage. A child's potential is not just limited; it's actively eroded by circumstances completely beyond their control.
The State Safety Net: A Patchwork Quilt That's Wearing Thin
A common and dangerous misconception is that "the state will provide." While there is a support system, it is designed to prevent immediate destitution, not to replace a parent's income or secure a child's future. It’s a temporary life raft, not a rescue ship.
Let's examine the primary form of government support: the Bereavement Support Payment (BSP).
If you have a spouse or civil partner who dies, and you are under State Pension age, you may be eligible. If you have children, you fall into the 'higher rate'. Here’s what it provides as of 2025:
- A one-off, lump-sum payment of £3,500.
- Up to 18 monthly payments of £350.
So, the total maximum support you can receive is £9,800, spread over a year and a half.
Now, let's compare that to the reality of family finances.
State Support vs. Average UK Family Monthly Costs (2025)
| Expense Category | Average Monthly Cost | Bereavement Support Payment (Monthly) | Monthly Shortfall |
|---|---|---|---|
| Mortgage/Rent | £1,150 | ||
| Utilities (Gas, Elec, Water, Council Tax) | £380 | ||
| Food & Groceries | £550 | ||
| Transport (Car, Fuel, Public) | £320 | ||
| Childcare & Child-related Costs | £400 | ||
| Total Essentials | £2,800 | £350 | -£2,450 |
As the table starkly illustrates, the Bereavement Support Payment covers just a fraction – around 12.5% – of a typical family's essential monthly outgoings. It might help with the funeral bill and keep the lights on for a few weeks, but it does nothing to address the mortgage, the food bills, or the long-term cost of raising children.
Other benefits like Universal Credit are strictly means-tested. Any savings, or the small death-in-service payment an employer might provide, could reduce or eliminate this support entirely. Relying on the state is not a plan; it's a gamble with your children's future.
Your LCIIP Shield: Forging a Financial Fortress for Your Family
The statistics are frightening, and the consequences of inaction are dire. But there is a powerful, accessible, and affordable solution: a comprehensive protection strategy built on the three pillars of Life Insurance, Critical Illness Cover, and Income Protection (LCIIP).
This isn't about one single policy; it's about creating an overlapping shield that protects your family from different angles – death, serious illness, and the inability to work.
Pillar 1: Life Insurance – The Cornerstone of Your Legacy
Life insurance is the most well-known component. In its simplest form, it pays out a tax-free lump sum to your loved ones if you die during the policy term. This money is the financial foundation that replaces everything you would have provided.
- What it does: It clears the mortgage, pays off other debts, replaces years of your lost salary, and can be earmarked to fund your children's university education. It lifts the entire financial burden from the surviving parent's shoulders, allowing them to focus on grieving and raising their children.
- Types to consider:
- Level Term Insurance: Pays out a fixed lump sum at any point during the term. Ideal for covering family living costs and future goals.
- Decreasing Term Insurance: The payout decreases over time, typically in line with a repayment mortgage. A very cost-effective way to ensure the family home is secure.
Pillar 2: Critical Illness Cover – The Pre-emptive Strike
The "Childhood Futures Report 2025" highlights that many parental deaths are preceded by a period of serious illness, such as cancer or a stroke. This period can be just as financially devastating. Critical Illness Cover pays out a tax-free lump sum on the diagnosis of a specified serious condition, not on death.
- What it does: It provides a financial cushion while you are still alive. This money can be used to:
- Clear debts to reduce monthly outgoings.
- Allow a spouse to take time off work to care for you.
- Pay for private medical treatments not available on the NHS.
- Make adaptations to your home.
- By providing funds during the crisis, it prevents the family from spiralling into debt before a death even occurs, preserving savings and assets for the future.
Pillar 3: Income Protection – The Monthly Lifeline
Often overlooked, Income Protection (IP) is arguably the most crucial pillar for a working parent. Your ability to earn an income is your family's single greatest asset. IP is designed to protect it.
- What it does: If you are unable to work for an extended period due to any illness or injury (not just the "critical" ones), an IP policy pays you a regular, tax-free monthly income. This typically covers 50-70% of your gross salary.
- Why it's vital: It's the policy that pays the bills. It keeps the mortgage paid, the food on the table, and the heating on. It stops a health problem from becoming a financial disaster, ensuring your family's standard of living doesn't collapse while you recover. It is the bedrock of any solid financial plan.
The LCIIP Shield at a Glance
| Policy Type | What It Does | When It Pays Out | How It Secures Your Children's Future |
|---|---|---|---|
| Life Insurance | Provides a tax-free lump sum | Upon your death | Replaces lost income, clears the mortgage, funds education. |
| Critical Illness | Provides a tax-free lump sum | On diagnosis of a specified illness | Prevents financial crisis during illness, funds care. |
| Income Protection | Provides a regular monthly income | When you can't work due to illness/injury | Maintains the family's lifestyle and pays the bills. |
Together, these three policies form a comprehensive fortress. Income Protection covers the monthly bills, Critical Illness handles the financial shock of a major diagnosis, and Life Insurance secures the long-term future if the worst happens.
How Much Cover Is Enough? A Practical Guide to Calculating Your Needs
Calculating the right amount of cover can feel daunting, but it's a logical process. Avoid picking a number out of the air. Instead, use a simple method to work out a figure that truly protects your family.
We can use the D.E.B.T.S. formula as a guide:
- Debts: All outstanding loans.
- Expenses: The ongoing cost of running your household.
- Bairns (Children): The cost of raising them to independence.
- Transition: Immediate costs and a buffer.
- Spouse: Provision for your surviving partner.
Use this table as a simple worksheet:
| Category | Your Family's Needs | Amount (£) |
|---|---|---|
| D - Debts | Mortgage outstanding | |
| Car loans, credit cards, personal loans | ||
| E - Expenses | Annual family living costs x number of years until youngest child is 21 (e.g., £30k x 15 years) | |
| B - Bairns | Estimated university costs per child (£50k x number of children) | |
| Wedding gift / House deposit fund per child | ||
| T - Transition | Funeral expenses | £5,000 |
| Emergency fund / buffer for unforeseen costs | £20,000 | |
| S - Spouse | Fund to provide an income or clear their debts to allow them to work less | |
| SUBTOTAL | A | |
| MINUS Existing Assets | Savings, existing policies, death-in-service benefit | B |
| TOTAL LIFE COVER NEEDED | (A - B) |
This calculation gives you a solid, evidence-based target for your life insurance. A similar logic applies to Income Protection (covering your essential monthly outgoings) and Critical Illness (a lump sum to clear immediate debts and provide a 1-2 year income buffer).
This process can feel complex, and getting it right is vital. That's where an expert broker like WeCovr is invaluable. We can walk you through this calculation, tailored to your unique family situation, ensuring you're not over-insured (and overpaying) or dangerously under-insured.
The Cost of Inaction vs. The Price of Protection
Many people overestimate the cost of protection insurance, putting off the decision. The reality is that for a young, healthy parent, securing a substantial safety net can be incredibly affordable – often less than the cost of a few weekly coffees or a family takeaway.
The real question isn't "Can I afford it?" but "Can my family afford for me not to have it?". The cost of inaction is potentially the £3 million burden of disadvantage we've detailed. The price of protection is a small, manageable monthly premium.
Example Monthly Premiums (Non-Smoker, 35 years old)
| Type of Cover | Amount of Cover | Term | Example Monthly Premium | Equivalent To |
|---|---|---|---|---|
| Level Term Life Insurance | £300,000 | 25 years | ~£16 | A weekly coffee & pastry |
| Decreasing Term (Mortgage) | £250,000 | 25 years | ~£10 | Two pints at the pub |
| Income Protection | £2,000/month | Until age 67 | ~£35 | A family pizza night |
| Critical Illness Cover | £50,000 | 25 years | ~£22 | A streaming service bundle |
| Comprehensive Shield | All of the above | - | ~£83 | Less than a tank of petrol |
Premiums are for illustrative purposes only and will vary based on individual circumstances.
For a monthly cost that is a fraction of most household bills, you can erect a financial fortress around your family. You are not just buying a policy; you are buying peace of mind and guaranteeing your children's future opportunities.
WeCovr: Your Partner in Protecting Your Legacy
Navigating the world of life insurance, critical illness cover, and income protection can be confusing. With dozens of providers, hundreds of policy variations, and complex medical underwriting, it’s easy to feel overwhelmed.
At WeCovr, our mission is to bring clarity and confidence to this vital decision. As independent, expert protection brokers, we are not tied to any single insurer. Our loyalty is to you and your family. We search and compare plans from all the UK's leading insurers – including Aviva, Legal & General, Zurich, Royal London, and more – to find the policy that offers the right level of cover, with the right features, at the most competitive price.
Our process is simple: we listen to your needs, help you understand the risks, calculate the right level of cover, and present you with clear, no-obligation options. We handle the paperwork and guide you every step of the way.
But our commitment to your family's well-being doesn't stop there. We believe in proactive health as well as reactive protection. That's why every WeCovr customer receives complimentary lifetime access to CalorieHero, our exclusive AI-powered calorie and nutrition tracking app. It’s our way of helping you and your family build healthier habits for today, while we work to protect your financial future for all the tomorrows to come.
Frequently Asked Questions (FAQ)
1. I have life insurance through my job. Is that enough? In most cases, no. 'Death-in-service' benefits are a great perk, but they are typically only 2-4 times your salary, which is rarely enough to clear a mortgage and replace your income. Crucially, the cover stops the moment you leave that job, potentially leaving you uninsured at a time when you are older and new cover is more expensive.
2. I'm a stay-at-home parent, so I don't have an income. Do I need cover? Absolutely. A stay-at-home parent provides enormous economic value that would be incredibly expensive to replace. Consider the costs of full-time childcare, a home helper, a cook, a cleaner, and a taxi service for school runs. A life insurance policy on a stay-at-home parent ensures the surviving partner doesn't have to quit their job or face financial ruin trying to cover these essential roles.
3. Is it difficult to get cover if I have a pre-existing medical condition? It can be more complex, but it's often not impossible. This is where an expert broker is essential. We know which insurers are more sympathetic to certain conditions and can help you present your application in the best possible light. Full disclosure is key, and we can guide you through the process.
4. What's the difference between level term and decreasing term life insurance? Level term means the payout amount (the 'sum assured') stays the same throughout the policy. If you have a £300,000 policy, it will pay out £300,000 whether you die in year 1 or year 24. This is best for covering general living costs. Decreasing term means the payout reduces over time, designed to mirror a repayment mortgage. It's a cheaper way to ensure your single biggest debt is always covered.
5. Should I put my life insurance policy into a trust? In almost all cases, yes. Writing your policy in trust is a simple process (we can help with this) and it's usually free. It means the payout from the policy goes directly to your chosen beneficiaries (your family) without delay. It doesn't form part of your legal estate, which means it won't be subject to probate (which can take months) or potential Inheritance Tax. It's the simplest way to get the money to your family when they need it most.
Securing Your Children’s Unwritten Future
The 2025 projections are a stark wake-up call. The risk of a child losing a parent before adulthood is real and growing, and the financial consequences – a potential £3 million lifetime burden of lost income and opportunity – are devastating.
The quiet promise you made to your children on the day they were born was to give them the best possible start in life. In today’s uncertain world, fulfilling that promise requires more than just love, hard work, and good intentions. It requires a deliberate, robust plan.
Relying on a threadbare state safety net or a basic work policy is leaving their future to chance. By building a comprehensive LCIIP shield, you are taking decisive action. You are transforming uncertainty into security. You are ensuring that your children's home, their education, and their opportunities are protected, no matter what happens.
Don't let your family become another statistic in a future report. Take the first, most important step today. Build the financial fortress that will safeguard their unwritten future and honour your silent vow for a lifetime.
Why life insurance and how does it work?
What is Life Insurance?
Life insurance is an insurance policy that can provide financial support for your loved ones when you or your joint policy holder passes away. It can help clear any outstanding debts, such as a mortgage, and cover your family's living and other expenses such costs of education, so your family can continue to pay bills and living expenses. In addition to life insurance, insurance providers offer related products such as income protection and critical illness, which we will touch upon below.How does it work?
Life insurance pays out if you die. The payout can be in the form of a lump sum payment or can be paid as a replacement for a regular income. It's your decision how much cover you'd like to take based on your financial resources and how much you'd like to leave to your family to help them deal with any outstanding debts and living expenses. Your premium depends on a number of factors, including your occupation, health and other criteria.The payout amount can change over time or can be fixed. A level term or whole of life policy offers a fixed payout. A decreasing term policy offers a payout that decreases over the term of the cover.
With critical illness policies, a payout is made if you’re diagnosed with a terminal illness with a remaining life expectancy of less than 12 months. While income protection policies ensure you can continue to meet your financial commitments if you are forced to take an extended break from work. If you can’t work because you’ve had an accident, fallen sick, or lost your job through no fault of your own, income protection insurance pays you an agreed portion of your salary each month.
Income protection is particularly helpful for people in dangerous occupations who want to be sure their mortgage will always be covered. Income protection only covers events beyond your control: you’re much less likely to be covered if you’re fired from your job or if you injure yourself deliberately.
Questions to ask yourself regarding life insurance
Just ask yourself:👉 Who would pay your mortgage or rent if you were to pass away or fall seriously ill?
👉 Who would pay for your family’s food, clothing, study fees or lifestyle?
👉 Who would provide for the costs of your funeral or clear your debts?
👉 Who would pay for your costs if you're unable to work due to serious illness or disability?
Many families don’t realise that life, income protection and critical illness insurance is one of the most effective ways to protect their finances. A great insurance policy can cover costs, protect a family from inheriting debts and even pay off a mortgage.
Many would think that the costs for all the benefits provided by life insurance, income protection insurance or critical illness insurance are too high, but the great news is in the current market policies are actually very inexpensive.
Benefits offered by income protection, life and critical illness insurance
Life insurance, income protection and critical illness insurance are indispensable for every family because a child loses a parent every 22 minutes in the UK, while every single day tragically 60 people suffer major injuries on the UK roads. Some people become unable to work because of sickness or disability.Life insurance cover pays out a lump sum to your family, loved ones or whomever you choose to get the money. This can be used to secure the financial future of your loved ones meaning they would not have to struggle financially in the event of your death.
If it's a critical illness cover, the payout happens sooner - upon diagnosis of a serious illness, disability or medical condition, easing the financial hardship such an event inevitably brings.
Income protection insurance can be very important for anyone who relies on a pay check to cover their living costs, but it's especially important if you’re self-employed or own a small business, where your employment and income is a bit less stable. It pays a regular income if you can't work because of sickness or disability and continues until you return to paid work or you retire.
In a world where 1 in 4 of us would struggle financially after just four weeks without work, the stark reality hits hard – a mere 7% of UK adults possess the vital shield of income protection. The urgency of safeguarding our financial well-being has never been more palpable.
Let's face it – relying on savings isn't a solution for everyone. Almost 25% of people have no savings at all, and a whopping 50% have £1,000 or less tucked away. Even more concerning, 51% of Brits – that's a huge 27 million people – wouldn't last more than one month living off their savings. That's a 10% increase from 2022.
And don't even think about state benefits being a safety net. The maximum you can expect from statutory sick pay is a mere £109.40 per week for up to 28 weeks. Not exactly a financial lifeline, right?
Now, let's tackle a common objection: "But I have critical illness insurance. I don't need income protection too." Here's the deal – the two policies apply to very different situations. In a nutshell:
- Critical illness insurance pays a single lump sum if you're diagnosed with or undergo surgery for a specified potentially life-threatening illness. It's great for handling big one-off expenses or debts.
- Income protection, on the other hand, pays a percentage of your salary as a regular payment if you can't work due to illness or injury. It's the superhero that tackles those relentless monthly bills.
Types of life insurance policies
Common reasons for getting a life insurance policy are to:✅ Leave behind an amount of money to keep your family comfortable
✅ Protect the family home and pay off the mortgage in full or in part
✅ Pay for funeral costs
Starting from as little as a couple of pounds per week, you can do all that with a Life Policy.
Level Term Life Insurance
One of the simplest forms of life insurance, level term life insurance works by selecting a length of time for which you would want to be covered and then deciding how much you would like your loved ones to receive should the worst happen. Should your life insurance policy pay out to your family, it would be in a lump sum amount that can be used in whatever way the beneficiary may wish.
Decreasing Term Life Insurance
Decreasing term life insurance works in the same way as level term, except the lump sum payment amount upon death decreases with time. The common use for decreasing term life cover is to protect against mortgage repayment as the lump sum decreases along with the principal of the mortgage itself.
Increasing Term Life Insurance
Increasing term life insurance aims to pay out a cash sum growing each year if the worst happens while covered by the policy. With increasing term life cover amount insured increases annually by a fixed amount for the length of the policy. This can protect your policy's value against inflation, which could be advantageous if you’re looking to maintain your loved ones’ living standards, continue paying off your mortgage in line with its repayment schedule and cover your children’s education fees.
Whole of Life Insurance
Whereas term life insurance policies only pay out if you pass away during their term, whole of life insurance pays out to your beneficiaries whenever this should happen. The most common uses for whole life insurance are to cover the costs of a funeral or as a vehicle for your family's inheritance tax planning.
Family Income Benefit
Family income benefit is a somewhat lesser-known product in the family of life insurance products. Paying out a set amount every month of year to your beneficiaries, it is the most cost-effective way of maintaining your family's living standards to an age where you'd expect them to be able to support themselves financially. The most common use would be for a family with children who are not working yet so are unable to take care of themselves financially.
Relevant Life Insurance
Relevant Life Insurance is a tax-efficient policy for a director or single employee. A simple level term life insurance product, it is placed in a specific trust to ensure its tax efficiency. The premiums are tax deductible and any benefit payable should a claim arise is also paid out tax free, which makes it an attractive product for entrepreneurs and their businesses.
Important Fact!
We can look at a more suitable option mid-term!
Why is it important to get life insurance early?
👉 Many people are very thankful that they had their life, income protection, and critical illness insurance cover in place before running into some serious issues. Critical illness and income protection insurance is as important as life insurance for protecting your family's finances.👉 We insure our cars, houses, bicycles and even bags! Yet our life and health are the most precious things we have.
Easily one of the most important insurance purchases an individual or family can make in their lifetime, the decision to buy life, income protection, critical illness and private medical health insurance can be made much simpler with the help of FCA-authorised advisers. They are the specialists who do the searching and analysis helping people choose between various types of life insurance policies available in the market, including income protection, critical illness and other types of policies most suitable to the client's individual circumstances.
It certainly won't do any harm if you speak with one of our experienced FCA-authorised insurance partner experts who are passionate about advising people on financial matters related to life insurance and are keen to provide you with a free consultation.
You can discuss with them in detail what affordable life, income protection, critical illness or private medical health insurance plan for the necessary peace of mind they would recommend! WeCovr works with some of the best advisers in the market.
By tapping the button below, you can book a free call with them in less than 30 seconds right now:
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WeCovr is an insurance specialist for people valuing their peace of mind and a great service.👍 WeCovr will help you get your private medical insurance, life insurance, critical illness insurance and others in no time thanks to our wonderful super-friendly experts ready to assist you every step of the way.
Just a quick and simple form and an easy conversation with one of our experts and your valuable insurance policy is in place for that needed peace of mind!