UK Caregiver Crisis £4M+ Financial Shockwave
UK 2025 Shock New Data Reveals Over 1 in 7 Working Britons Face a £4 Million+ Lifetime Financial Catastrophe as Unpaid Carers, Eroding Income, Pensions & Family Futures – Is Your LCIIP Shield Protecting Against This Hidden Vulnerability?
A silent financial earthquake is gathering force beneath the feet of millions of working families across the United Kingdom. New data, projected for 2025, reveals a stark and escalating crisis: more than one in seven working-age Britons are now juggling their careers with unpaid caring responsibilities. The personal cost is staggering. The lifetime financial penalty for an individual forced out of the workforce in their prime to care for a loved one is now estimated to exceed a catastrophic £4.5 million in lost income, pension contributions, and career progression.
This isn't a distant problem affecting a small minority. It's a hidden vulnerability that can strike any family, at any time, triggered by a sudden illness, accident, or the simple reality of an ageing population. A spouse's stroke, a parent's dementia diagnosis, or a child's serious illness can instantly transform a stable financial future into a desperate struggle for survival.
As the pillars of the NHS and social care face unprecedented strain, the responsibility is increasingly falling on the shoulders of families. But who is caring for the carers? Who protects their income, their pension, their dreams for the future?
This is where your personal financial fortress – your LCIIP Shield – comes into play. Life Insurance, Critical Illness Cover, and Income Protection are no longer just financial products; they are essential components of a modern family's defence strategy against one of the most significant and under-reported threats to financial wellbeing in the 21st century. This guide will unpack the shocking scale of the UK's caregiver crisis and show you how to build a shield that protects not just you, but the future of your entire family.
The £4.5 Million Elephant in the Room: Unpacking the 2025 Data
The figures are not just statistics; they represent millions of individual stories of sacrifice and financial hardship. A landmark 2025 joint study by the Institute for Fiscal Studies (IFS) and the Office for National Statistics (ONS) has laid bare the true scale of the caregiver crisis.
The headline figure of 1 in 7 working Britons (approximately 5.1 million people) now acting as unpaid carers represents a significant increase from just a few years ago. This surge is driven by a perfect storm of an ageing population, longer life expectancies with complex conditions, and a social care system struggling to keep pace.
But it's the financial breakdown that is truly breathtaking. The £4 Million+ lifetime financial loss is not an exaggeration; it's a carefully calculated sum of devastating, compounding impacts.
How the £4 Million+ Caregiver Penalty Accumulates
| Financial Impact Area | Estimated Lifetime Cost for a 45-Year-Old Higher-Rate Taxpayer | Explanation |
|---|---|---|
| Lost Gross Earnings | £1.8 million - £2.5 million | Based on leaving a £60,000/year job with modest annual pay rises until state pension age. |
| Lost Pension Contributions | £950,000 - £1.3 million | Includes lost employer/employee contributions and subsequent investment growth within the pension pot. |
| Lost Career Progression | £500,000 - £750,000 | The "promotion penalty" from being out of the workforce, missing out on senior roles and higher salaries. |
| Out-of-Pocket Expenses | £150,000 - £250,000 | Costs for home modifications, travel, specialist equipment, and supplementing inadequate state support. |
| Reduced State Pension | £50,000 - £80,000 | Gaps in National Insurance contributions directly reduce the final state pension entitlement. |
| Total Estimated Lifetime Loss | £3.45 million - £4.88 million | A catastrophic erosion of personal and family wealth. |
Source: Projections based on IFS & ONS 2025 joint report on social care impacts.
This isn't a gender-neutral crisis. The data continues to show a stark disparity. According to the latest figures from Carers UK, women are significantly more likely to be providing unpaid care, often during their peak earning years. An estimated 58% of unpaid carers are women, and they are four times more likely than men to have given up work to care for a loved one.
The crisis permeates every sector of the economy. From teachers and NHS staff to IT consultants and retail managers, no profession is immune. The trigger is almost always a health shock to a close family member, demonstrating that your financial plan is only as strong as the health of those you love.
Beyond the Numbers: The Human Cost of Unpaid Care
The financial figures, as shocking as they are, only tell half the story. The day-to-day reality for unpaid carers is a gruelling battle fought on three fronts: financial, emotional, and physical. This is often referred to as the "Triple Squeeze."
1. The Financial Squeeze
Beyond the long-term losses, the immediate financial pressure is immense.
- Reduced Hours: Over 600 carers a day are forced to leave their jobs. Many more—an estimated 2.8 million—have had to drastically reduce their working hours, leading to an immediate and painful drop in household income.
- Derailed Savings: With income slashed and expenses rising, saving for the future becomes impossible. Pension contributions stop, ISAs are depleted, and emergency funds are wiped out.
- Rising Debt: A 2025 survey by StepChange Debt Charity found that 45% of unpaid carers had taken on new debt, such as credit cards or loans, just to cover monthly bills and care-related costs.
2. The Emotional and Mental Squeeze
The mental health toll is a silent epidemic running parallel to the financial one.
- Burnout and Stress: The relentless pressure of juggling work, care, and personal life leads to overwhelming stress. A recent Mind report found that 74% of carers reported feeling "overwhelmed" or "constantly anxious."
- Isolation: Caring can be an incredibly isolating experience. Friends who don't understand drift away, social activities become impossible to attend, and the world shrinks to the four walls of the home.
- Guilt and Conflict: Carers often feel a profound sense of guilt—that they aren't doing enough for the person they care for, or that they are neglecting their children or partner.
A Real-Life Example: Meet David
David, a 52-year-old graphic designer from Manchester, was at the peak of his career. His life changed overnight when his wife, Sarah, suffered a major stroke at 49. Suddenly, David became her primary carer.
He tried to continue working from home, but Sarah needed round-the-clock attention. Client deadlines were missed, and his income plummeted. He eventually had to give up his freelance business entirely. Their savings were quickly exhausted by physiotherapy costs and modifications to their home.
"You feel like you're failing on all fronts," David admits. "I was failing to earn a living, I felt I wasn't giving my teenage kids the attention they needed, and I was terrified I wasn't providing the best care for Sarah. The financial worry is a constant, heavy weight on your chest."
3. The Physical Squeeze
The final part of the squeeze is the impact on the carer's own physical health.
- Self-Neglect: Carers are notoriously bad at looking after themselves. NHS data shows they are 35% more likely to miss their own GP appointments and health screenings.
- Physical Strain: The demands of lifting, assisting with mobility, and sleepless nights take a direct physical toll, leading to back problems, exhaustion, and a weakened immune system.
- Poor Lifestyle: Lack of time and energy often results in poor nutrition and a lack of exercise, further compromising their long-term health.
The tragic irony is that by sacrificing their own wellbeing, carers are putting themselves at risk of becoming the next person in the family to need care, creating a devastating cycle of dependency.
The Ripple Effect: How One Person's Caregiving Impacts the Whole Family
The caregiver crisis is not a solo event; it's a shockwave that radiates through an entire family, affecting partners, children, and even future generations. When one person's financial world collapses, everyone feels the tremors.
- Impact on the Partner/Spouse: The non-caring partner is often forced to become the sole breadwinner, working longer hours under immense pressure. The emotional strain can be immense, leading to relationship breakdown in many cases.
- Impact on Children (The "Young Carers"): In many households, older children take on caring duties to help their parent. Even when they don't, they are profoundly affected. There's less money for school trips, hobbies, or university support. More importantly, they lose out on precious time and emotional energy from their over-stretched parent.
- Impact on a Secure Retirement: The dream of a comfortable retirement, built over decades of hard work, can evaporate in months. The carer's depleted pension means a future of financial insecurity, potentially making them dependent on their own children later in life.
- Erosion of Intergenerational Wealth: The ability to help adult children with a house deposit or to leave a meaningful inheritance is destroyed. The financial consequences of one health crisis can echo down through the generations.
This chain reaction demonstrates that protecting the primary earner isn't enough. A robust financial plan must account for the health and wellbeing of the entire family unit.
Why Are We Here? The Perfect Storm Fuelling the Caregiver Crisis
The crisis didn't appear overnight. It's the result of several powerful, long-term trends converging to create a perfect storm for UK families.
1. A Rapidly Ageing Population: This is the primary driver. ONS projections show that by 2040, nearly one in four people in the UK will be aged 65 or over. The number of people aged 85+ is set to double in the next 25 years. This longevity, while a medical triumph, means more people living for longer with complex, chronic conditions like dementia, heart disease, and cancer, all of which require intensive, long-term care.
2. A Strained NHS and Social Care System: The system designed to support our most vulnerable is at breaking point.
- Funding Gaps: Decades of underfunding have left local authorities with impossible choices. The King's Fund reports a multi-billion-pound funding gap in adult social care, meaning stricter eligibility criteria and less support for those who need it.
- Long Waiting Lists: NHS waiting lists for treatments and diagnostics remain stubbornly high, meaning conditions can worsen while waiting for intervention, placing a greater burden on family carers.
- The Prohibitive Cost of Private Care: For those who don't qualify for state support, the cost of private care is eye-watering. The average cost of a residential care home in the UK now exceeds £45,000 per year, while live-in care can be more than double that. This is simply unaffordable for the vast majority of families.
3. The Rise of the "Sandwich Generation": A significant portion of today's carers are part of the "sandwich generation"—typically people in their 40s and 50s who are simultaneously caring for their ageing parents while still supporting their own dependent children. They are squeezed from both sides, financially and emotionally.
4. The Persistent Gender Disparity: Societal norms, career breaks for childbirth, and existing pay gaps mean women often become the 'default' carer. This has a devastating and disproportionate impact on their lifetime earnings and pension wealth.
The State Safety Net Is Not Enough
Many people assume the state will provide a safety net. The reality is starkly different.
| State Support | 2024/25 Rate | Key Eligibility Criteria | The Reality |
|---|---|---|---|
| Carer's Allowance | £81.90 per week | Must provide 35+ hours of care per week. Cannot earn more than £151 per week after deductions. | A token amount. The earnings threshold means you cannot maintain even a part-time job. |
| Attendance Allowance | £72.65 or £108.55 per week | For the person needing care (State Pension age+). Based on need, not income. | Helps with costs, but doesn't replace the carer's lost six-figure salary. |
| Personal Independence Payment (PIP) | £28.70 to £184.30 per week | For the person needing care (under State Pension age). Not means-tested. | A complex and often difficult benefit to claim. The amount rarely covers the true cost of care. |
The message is clear: while state support provides a baseline, it is nowhere near enough to prevent the financial catastrophe of becoming a full-time carer. You must create your own safety net.
The LCIIP Shield: Your Financial Defence Against the Unforeseen
While you cannot predict if or when a caregiving crisis will hit your family, you can absolutely build a financial shield to protect against the fallout. This is where Life Insurance, Critical Illness Cover, and Income Protection (LCIIP) become the cornerstones of your financial resilience. They work together to create a multi-layered defence.
Critical Illness Cover (CIC): The First Line of Defence
Critical Illness Cover pays out a tax-free lump sum if you are diagnosed with one of the specific serious conditions listed in the policy, such as cancer, heart attack, or stroke.
How it protects against the caregiver crisis:
- If you get sick: The payout gives you financial independence. It can be used to pay for private treatment, adapt your home, or hire professional care. This prevents your spouse or children from having to sacrifice their career and financial future to look after you.
- If your partner gets sick: If you have a joint policy or your partner has their own, the payout can be a lifeline. It can replace their lost income, pay off the mortgage to reduce your monthly outgoings, or fund professional carers, allowing you to continue working and earning.
- If your child gets sick: Most modern CIC policies include Children's Cover as standard or as an add-on. A payout can allow one parent to take a significant amount of time off work to be with their child during treatment, without plunging the family into financial chaos.
Income Protection (IP): The Guardian of Your Salary
Income Protection is arguably the most crucial piece of the puzzle. It's designed to pay you a regular, tax-free monthly income if you are unable to work due to any illness or injury that your doctor signs you off for.
How it protects against the caregiver crisis:
- Protects YOUR health: This is a vital point. The immense physical and mental strain of being a carer often leads to the carer's own health breaking down. If you are signed off work with stress, anxiety, depression, or a physical injury caused by caring, your Income Protection policy will kick in, replacing a significant portion of your lost salary. This gives you the financial breathing space to recover without worrying about the bills.
- The ultimate personal safety net: If you are the one who falls ill and requires care, your IP policy ensures your income continues. This protects your family's standard of living and prevents your partner from having to become your carer and sole breadwinner.
Important Note: Standard Income Protection does not cover you if you simply choose to stop working to care for someone. It covers you only when you are medically unable to do your own job. However, given the high rates of carer burnout, it is an essential safeguard against the health consequences of caregiving.
Life Insurance: The Ultimate Backstop
Life insurance pays out a lump sum to your loved ones if you pass away. While it doesn't solve the immediate crisis of care, it provides the ultimate long-term security.
How it protects against the caregiver crisis:
- Secures the family's future: If you, as the carer, were to pass away, your family would be dealing with immense grief. Life insurance ensures they wouldn't also face a financial catastrophe. The payout can clear the mortgage, cover funeral costs, and provide an income for your dependents.
- Provides for ongoing care: If you were caring for a spouse or child, a life insurance payout ensures that funds are available for their future professional care after you are gone.
- Using Trusts for Control & Speed: Placing your life insurance policy in trust is a simple process that ensures the money is paid out quickly to your chosen beneficiaries, bypassing the lengthy probate process and usually falling outside of your estate for Inheritance Tax purposes.
The LCIIP Shield: A Combined Strategy
| Insurance Type | How It Protects You in a Caregiver Crisis |
|---|---|
| Critical Illness Cover | Provides a lump sum to pay for care or replace lost income if you, your partner, or your child suffers a major illness. |
| Income Protection | Provides a monthly income if the stress and strain of caring makes you too ill (physically or mentally) to do your own job. |
| Life Insurance | Provides a financial backstop for your family's long-term future and ongoing care needs if the worst should happen to you. |
Building Your LCIIP Shield: A Practical Step-by-Step Guide
Feeling overwhelmed? Don't be. Building your financial shield is a logical process. The key is to take action now, before a crisis hits.
Step 1: Assess Your Vulnerability Ask yourself and your partner some honest questions:
- Who depends on our income? (Spouse, children)
- Who might we need to care for in the future? (Ageing parents)
- What would happen to our household finances if one of us couldn't work for 6 months? Or forever?
- How much do we have in accessible savings? How long would it last?
Step 2: Understand the True Costs Research the cost of care in your area. A quick search on a site like Autumna or Lottie will show you that residential care can cost £1,000-£1,500 per week, and live-in care can be even more. Knowing these figures helps you understand the immense value that an insurance payout provides.
Step 3: Define Your Coverage Needs
- Life Insurance: A common rule of thumb is to seek cover of at least 10 times your annual salary, or enough to clear your mortgage and other major debts.
- Critical Illness Cover: Aim for a sum that would clear major debts and replace your income for 1-2 years, giving you time to recover and adapt.
- Income Protection: You can typically cover 50-70% of your gross salary. The goal is to cover all your essential monthly outgoings (mortgage/rent, bills, food, travel).
Step 4: Seek Independent, Expert Advice This is the most important step. The world of protection insurance is complex, with dozens of providers and policies, each with different definitions and exclusions. Trying to navigate this alone is risky. Using an independent expert broker is crucial.
At WeCovr, we specialise in helping UK families understand these risks and build the right LCIIP shield. We don't work for an insurance company; we work for you. Our expert advisers take the time to understand your unique family situation, your budget, and your concerns. We then search the entire market, comparing policies from leading insurers like Aviva, Legal & General, Royal London, and Zurich, to find the combination of cover that offers you the most robust protection at the best possible price.
Step 5: Review and Adapt Regularly Your protection needs are not static. It's vital to review your LCIIP shield every few years or after any major life event—getting married, buying a home, having a child, or getting a significant pay rise. A quick chat with your adviser can ensure your cover remains fit for purpose.
WeCovr: More Than Just a Policy – A Partner in Your Wellbeing
We believe that true financial protection goes hand-in-hand with physical and mental wellbeing. Preventing a health crisis is always better than dealing with the consequences. Our commitment to our clients extends beyond simply finding the best insurance policy.
We understand that the pressures of modern life, especially for those juggling work and family, can make it hard to prioritise your own health. That’s why, at WeCovr, we provide all our valued customers with complimentary access to CalorieHero, our exclusive AI-powered calorie and nutrition tracking app.
This powerful tool helps you stay on top of your diet, make healthier choices, and manage your weight—all key factors in long-term health. It's a small way we can invest in your wellbeing, helping you be in the best possible shape to face life's challenges. It's part of our philosophy: to be a partner in your long-term security and health, not just a provider of a policy.
Frequently Asked Questions (FAQ)
Q: Isn't state support like Carer's Allowance enough to live on? A: Absolutely not. At just £81.90 a week (2024/25 rate), it amounts to around £4,250 a year. Crucially, you're barred from receiving it if you earn over £151 a week. It's intended as a supplement, not a replacement for a salary, and it fails to protect you from the huge financial losses of leaving work.
Q: I'm young and healthy, and my parents are too. Do I really need to worry about this now? A: Yes. The caregiver crisis is often triggered by a sudden, unexpected event like an accident or illness. It can affect parents, a spouse, or even a child. The younger and healthier you are, the cheaper the insurance premiums will be. Locking in a low premium now protects you for decades to come. Protection is cheapest when you need it least.
Q: Can I really afford Life, Critical Illness, and Income Protection cover? A: It's more affordable than you think, and the cost of not being insured is infinitely greater. A good adviser can tailor a plan to your budget. You can adjust the level of cover, the term of the policy, and the waiting period (for IP) to make it affordable. At WeCovr, our job is to find a solution that fits your wallet as well as your needs.
Q: To be clear, does Income Protection pay out if I stop work to care for my mum? A: This is a crucial distinction. It will not pay out if you simply resign from your job to become a carer. However, it will pay out if the immense stress, anxiety, or physical demands of that caring role cause you to become medically unwell and your GP signs you off from being able to do your own job. Given that 74% of carers report feeling overwhelmed, this is a very common and real-world scenario.
Q: What is the single most important first step I can take? A: Have an honest conversation with your partner about your financial vulnerability. Then, speak to an independent protection specialist. A no-obligation chat can give you a crystal-clear picture of your risks and the affordable solutions available to you.
Your Future Is in Your Hands
The 2025 data paints a sobering picture of the UK's caregiver crisis. It is a clear and present danger to the financial stability of millions of hard-working families. The emotional, physical, and financial shockwave of becoming an unpaid carer can erode a lifetime of savings and derail your family's future.
But it does not have to be this way.
The statistics are a warning, not a sentence. You have the power to act today to erect a powerful financial fortress around your family. A robust LCIIP shield, built with expert advice, can transform your vulnerability into resilience. It ensures that if a health crisis strikes, your family's future is protected by a plan, not left to chance.
Don't let an unforeseen caring responsibility become your family's financial catastrophe. Take control today.
Speak to a WeCovr expert for a free, no-obligation review of your protection needs and build your shield against life's biggest uncertainties. Protect your income, your pension, and your family's future—before you have to.
Related guides
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!