UK Dementia Shock £4.5M Family Wealth at Risk
UK 2025 Shock New Data Reveals Over 1 in 3 Britons Born Today Will Develop Dementia, Fueling a Staggering £4 Million+ Lifetime Burden of Eroding Family Wealth, Lost Legacies, and Unfunded Care Costs – Is Your LCIIP Shield Your Unseen Protector for Cognitive and Financial Security?
The figures are no longer just statistics; they are a stark reality knocking on the door of every family in the United Kingdom. Ground-breaking new analysis for 2025 confirms a deeply unsettling forecast: more than one in three people born in the UK today will develop dementia in their lifetime. This isn't a distant threat; it is the UK's biggest killer and a gathering storm set to unleash unprecedented financial and emotional devastation on millions.
The personal cost is immeasurable. But the financial fallout is quantifiable, and it is catastrophic. We're not talking about a few thousand pounds for extra help. We are talking about a potential £4 Million+ lifetime erosion of family wealth for higher-income households, a figure encompassing lost earnings, astronomical care costs, and the forced sale of family homes, decimating hard-earned legacies.
This is the reality of the "dementia tax"—a silent thief that dismantles financial security, piece by piece. While the government grapples with a social care system in perpetual crisis, the responsibility for protection falls squarely on your shoulders.
In this definitive guide, we will unpack the shocking scale of the UK's dementia crisis, calculate the true cost to your family's wealth, and reveal how a powerful, yet often overlooked, financial strategy known as the LCIIP Shield (Life, Critical Illness, and Income Protection) can serve as your family’s ultimate guardian, preserving your wealth, your dignity, and your legacy against the formidable challenge of dementia.
The Scale of the UK Dementia Crisis: A 2025 Reality Check
To understand the solution, we must first confront the sheer magnitude of the problem. The word "crisis" is used often, but in the context of dementia in the UK, it is an understatement. The latest 2025 data paints a sobering picture of a nation on the brink of a major public health and economic challenge.
The Unstoppable Rise:
- The 1 in 3 Statistic: According to landmark research from Alzheimer's Research UK, a staggering 35% of people born in 2015 are expected to develop dementia. With advancements in longevity, this figure remains a powerful indicator for today's newborns, solidifying dementia's place as a near-universal family concern.
- A Million Strong, and Growing: There are currently estimated to be over 982,000 people living with dementia in the UK. This number is projected to surge past 1.4 million by 2040. For context, that's equivalent to the entire population of Birmingham and Sheffield combined.
- The UK's Leading Killer: For the past decade, dementia and Alzheimer's disease have been the leading cause of death in the UK, accounting for over 11% of all fatalities. It now claims more lives than coronary heart disease, lung cancer, or strokes.
- The Unpaid Army: An army of over 700,000 family members and friends are acting as primary, often unpaid, carers for people with dementia. The economic contribution of these informal carers is estimated at a staggering £11.2 billion per year, a burden borne directly by families through lost wages and career sacrifices.
This is not a problem confined to the very elderly. Shockingly, over 70,800 people in the UK are living with young-onset dementia (a diagnosis before the age of 65), striking individuals in their prime earning years and magnifying the financial shock.
Dementia in the UK: A Statistical Snapshot (2025 Projections)
| Metric | Statistic / Projection | Source |
|---|---|---|
| People with Dementia (UK) | ~982,000 | Alzheimer's Society |
| Projection for 2040 | 1.4 million+ | Alzheimer's Society |
| Lifetime Risk (Born Today) | Over 1 in 3 | Alzheimer's Research UK |
| Leading Cause of Death | Yes (11.4% of all deaths) | Office for National Statistics |
| Young-Onset Dementia | ~70,800 cases | Dementia UK |
| Annual Cost to UK Economy | £34.7 Billion | Alzheimer's Society |
| Cost Per Person with Dementia | £35,300 (Average) | Alzheimer's Society |
The evidence is overwhelming. Dementia is not a niche issue; it is a mainstream certainty that will touch almost every family. Preparing for its financial impact is no longer a choice—it is a fundamental necessity of modern financial planning.
The £4.5 Million Family Wealth Erosion: Deconstructing the True Cost of Dementia
The £35,300 average annual cost per person is just the tip of the iceberg. For many families, especially those with higher incomes and significant assets, the total financial devastation over the course of the illness can be astronomical. The £4 Million+ figure represents a "total wealth swing"—the difference between a family's projected wealth and the reality after a dementia diagnosis devastates their financial plan.
Let's break down how these costs accumulate.
Direct Costs: The Visible Drain on Your Finances
These are the bills you have to pay, and they are relentless.
- Residential Care: The most significant expense. A room in a residential care home costs, on average, £41,600 per year. If nursing care is required, this jumps to £56,000 per year. In London and the South East, these figures can easily exceed £75,000 annually. A ten-year stay can therefore cost over half a million pounds.
- Home Care (Domiciliary Care): Many families prefer to keep their loved ones at home. However, professional care at home costs an average of £25-£35 per hour. A few hours a day quickly adds up to over £20,000 a year. For those needing round-the-clock support, the cost can surpass that of a residential home.
- Home Adaptations: Making a home safe and accessible can cost tens of thousands. This includes stairlifts (£2,000-£6,000), walk-in showers (£3,000+), ramps, and security systems.
Indirect and Hidden Costs: The Silent Wealth Killers
These are the costs that aren't on an invoice but can be even more damaging to your family's long-term wealth.
- Lost Income (The Patient): A diagnosis of young-onset dementia at 55 for someone earning £80,000 a year means a loss of £800,000 in potential earnings by state pension age, not including lost pension contributions and investment growth.
- Lost Income (The Carer): This is a huge, overlooked cost. One spouse or child often has to reduce their hours or give up work entirely to provide care. If a partner earning £60,000 a year stops working for 8 years to care for their loved one, that's £480,000 in lost salary alone.
- Eroded Pensions and Investments: Instead of growing, retirement funds are prematurely cashed in to pay for care. Savings accounts are drained. The power of compound interest is reversed as assets are liquidated.
- The Total Wealth Swing - A £4.5M+ Scenario: Consider a professional couple, both aged 50, with a joint income of £200,000, a £1M home, and £500,000 in pensions/investments. Their projected wealth at retirement could be several million pounds.
- One is diagnosed with young-onset dementia.
- Lost Future Earnings: £1.5M+
- Lost Carer's Earnings: £1M+
- Care Costs (10 years): £600,000
- Lost Investment/Pension Growth: £1.4M+
- Total Negative Swing: Over £4.5 Million. Their planned legacy is not just halted; it's actively dismantled.
The Lifetime Financial Burden of a Dementia Diagnosis
| Cost Category | Average Annual Cost (UK) | Potential 10-Year Cost Example |
|---|---|---|
| Residential Nursing Care | £56,000 | £560,000 |
| Home Care (4hrs/day) | £43,680 (@ £30/hr) | £436,800 |
| Lost Patient Income | Dependent on Salary | £800,000 (£80k salary) |
| Lost Carer Income | Dependent on Salary | £600,000 (£60k salary) |
| Home Modifications | One-off, variable | £15,000 |
This is the financial storm that dementia unleashes. It's a multi-front assault on your income, your assets, and your future.
The "Dementia Tax": Why Your Home and Inheritance Are at Serious Risk
Perhaps the most painful part of dementia's financial fallout is how it targets the heart of your family's legacy: your home. The UK's social care system is not a safety net in the way the NHS is. It is means-tested, and the thresholds are brutally low.
If you need care and have assets above a certain level, you are expected to pay for it yourself. This is the so-called "dementia tax."
The system works like this:
- Financial Assessment: The local authority assesses your capital and income. This includes savings, investments, and, crucially, the value of your property.
- The Thresholds: If your capital is above the 'Upper Capital Limit', you are deemed a 'self-funder' and must pay the full cost of your care. Only when your assets have been depleted to the 'Lower Capital Limit' will the state begin to contribute.
Social Care Means-Testing Thresholds Across the UK (2024/25)
| Nation | Upper Capital Limit | Lower Capital Limit |
|---|---|---|
| England | £23,250 | £14,250 |
| Scotland | £32,750 | £20,250 |
| Wales | £50,000 | N/A (single threshold) |
| Northern Ireland | £23,250 | £14,250 |
For the vast majority of homeowners in England, Wales and Northern Ireland, the value of their property alone places them far above the self-funding threshold. Your home, the bedrock of your family's security and the primary asset you hoped to pass on, becomes the first thing that must be sold to pay for care.
Attempts to give away assets to avoid these costs (known as "deprivation of assets") are scrutinised and can be reversed by local authorities. The system is designed to ensure your wealth is used before the state's. This is how legacies are legally and systematically dismantled, one care home bill at a time.
Your Financial First Responders: An Introduction to the LCIIP Shield
Faced with this daunting reality, it's easy to feel powerless. But you are not. While you cannot always prevent the illness, you can absolutely prevent the financial devastation. This is where the LCIIP Shield comes in.
LCIIP stands for:
- Life Insurance: Provides a tax-free lump sum upon death to protect your family's legacy.
- Critical Illness Cover: Provides a tax-free lump sum upon the diagnosis of a specified serious condition, including dementia.
- Income Protection: Provides a regular, tax-free income if you are unable to work due to illness or injury.
Together, they form a multi-layered defence that can neutralise the financial threat of dementia at every stage. They are not just insurance policies; they are strategic financial tools designed to deliver cash precisely when it is most needed, shielding your home, savings, and family from the storm.
Critical Illness Cover: Your Frontline Defence Against a Dementia Diagnosis
Of the three shields, Critical Illness Cover (CIC) is your most direct and powerful weapon against the immediate financial shock of a dementia diagnosis.
It is designed to do one thing brilliantly: pay you a large, tax-free lump sum the moment you are diagnosed with a qualifying serious illness. For years, dementia has been a core condition on comprehensive CIC policies.
How Does It Work for Dementia?
Insurers have very specific definitions, but a typical qualifying claim for "Dementia (including Alzheimer's disease)" requires:
A definitive diagnosis by a consultant neurologist, psychiatrist, or geriatrician, resulting in permanent symptoms which require permanent supervision to protect the insured person.
This means that once the condition is formally diagnosed and impacts your ability to live independently, the policy is designed to pay out. This payout—which could be £100,000, £250,000, or more depending on your cover level—is a financial lifeline.
How a CIC Payout Neutralises the Threat:
- Pay for Care Immediately: You can fund the best possible private care at home or in a residence without touching your savings or selling your house.
- Adapt Your Home: The funds can be used for immediate home modifications, making life safer and more comfortable.
- Replace Carer's Income: The lump sum can allow a spouse to step away from work to provide care without plunging the family into financial hardship.
- Clear Debts: Paying off the mortgage is one of the most powerful uses of a CIC payout. It removes the largest monthly outgoing and secures the family home, no matter what happens next.
How a Critical Illness Payout Can Be Used for Dementia Care
| Use of Funds | Financial Impact |
|---|---|
| Pay Off Mortgage | Eliminates largest monthly bill, secures family home. |
| Fund Private Home Care | Avoids depleting savings; maintains independence. |
| Pre-fund Residential Care | Protects all other assets from means-testing. |
| Adapt Home | Improves quality of life and safety. |
| Replace Lost Income | Provides a financial cushion for the entire family. |
Navigating the nuances of different insurers' definitions is crucial. This is where expert guidance is invaluable. At WeCovr, we specialise in analysing the small print of policies from all major UK insurers to ensure our clients have robust, clearly-defined cover for conditions like dementia.
Income Protection: Securing Your Salary When You Can No longer Work
If Critical Illness Cover is the financial shock absorber, Income Protection (IP) is the engine that keeps your household running. It is particularly vital in cases of young-onset dementia.
Statutory Sick Pay (SSP) in the UK is just £116.75 per week (2024/25) and lasts for only 28 weeks. For a professional, this is a financial cliff-edge.
Income Protection, by contrast, is a long-term solution. It pays out a regular, tax-free monthly income (typically 50-70% of your gross salary) if you can't do your job due to any illness or injury that your doctor agrees with.
How it Shields You in a Dementia Scenario:
- Replaces Your Salary: The monthly payments cover your mortgage, bills, and lifestyle costs, preventing an immediate financial crisis.
- Long-Term Security: IP can pay out right up until your chosen retirement age (e.g., 67). This provides years, or even decades, of financial stability.
- Reduces Stress: It allows your family to focus on your care, not on how they will pay the next bill.
- Protects Your Pension: With your income secured, you can potentially continue making pension contributions, preserving your retirement plans for your partner.
For professionals, securing an "own occupation" definition is paramount. This means the policy pays out if you are unable to perform your specific job (e.g., an architect, a surgeon, a solicitor), not just any job.
An IP policy is a declaration that your ability to earn an income is your most valuable asset, and you have insured it accordingly. At WeCovr, we not only help you secure this vital protection but also go a step further. We believe in proactive health management, which is why our clients receive complimentary access to our AI-powered calorie tracking app, CalorieHero. Managing diet and health is a key factor in cognitive wellness, and this is just one way we show our commitment to our clients' long-term wellbeing.
Life Insurance: The Ultimate Backstop for Your Family's Legacy
Life Insurance is the final, essential layer of the LCIIP shield. While CIC and IP protect you during your lifetime, Life Insurance protects your family after you're gone.
Dementia is a progressive, terminal illness. Even with the best planning, the long-term costs of care can significantly deplete a family's assets. The home may have been protected by a CIC payout, but savings and investments can still be eroded over many years.
Life insurance provides a guaranteed, tax-free lump sum on death. This acts as a definitive backstop, ensuring that no matter what financial toll the illness took, your legacy remains intact.
The Role of Life Insurance in a Dementia Plan:
- Replenish the Estate: It replaces any capital that was spent on care costs, restoring the inheritance you intended to leave.
- Provide for a Surviving Partner: It ensures your partner has the financial security to live comfortably for the rest of their life without worry.
- Leave a Legacy: It provides a guaranteed inheritance for your children or grandchildren.
- Cover Inheritance Tax (IHT): For larger estates, a life insurance policy written in trust can be used to pay the IHT bill, ensuring your assets pass to your family without a 40% tax liability.
Writing your policy "in trust" is a simple but vital step. It legally separates the policy proceeds from your estate, meaning the payout is not typically subject to Inheritance Tax and does not require probate, getting the money to your family in days, not months.
The LCIIP Shield in Action: A Combined Case Study
To see the true power of this strategy, let's look at a combined example.
The Family: The Taylors, David (48, a marketing director) and Sarah (47, a part-time teacher). They have a £400,000 mortgage and two children.
Their Proactive Plan: On the advice of a broker, they put in place an LCIIP Shield.
- Joint Life & Critical Illness Cover: A £400,000 policy to clear the mortgage.
- Income Protection: David takes out a policy to protect his £90,000 salary.
The Unthinkable Happens: At age 54, David receives a definitive diagnosis of young-onset dementia.
How the LCIIP Shield Responds:
- Income Protection Kicks In: After his sick pay ends, David's IP policy starts paying him £4,500 per month, tax-free. This replaces the majority of his income. The family's financial situation is stable. There is no panic.
- Critical Illness Cover Pays Out: Upon his qualifying diagnosis, their joint policy pays out the £400,000 lump sum. They use it to pay off their mortgage instantly. Their largest monthly outgoing is gone forever. The family home is 100% secure. They put the remaining funds aside for future care.
- Life Insurance Provides the Legacy: Years later, when David passes away, the life insurance element of his policy provides a final payout. This sum replenishes any capital used for care and provides Sarah with complete financial security, fulfilling the promise they made to each other to always be protected.
The Taylors faced a devastating diagnosis, but thanks to their foresight, they avoided the financial catastrophe that befalls so many. They controlled the situation; it did not control them.
WeCovr: Your Expert Guide in a Complex Market
Understanding the threat of dementia is the first step. Translating that understanding into a robust, affordable, and effective protection plan is the next. This is where specialist advice is not just helpful—it is essential.
The UK insurance market is complex. Policy definitions for dementia vary. The amount of cover you need depends on a detailed analysis of your personal finances. The structure of your policies (e.g., joint vs. single, in trust or not) has huge implications.
At WeCovr, we are expert brokers specialising in life, critical illness, and income protection insurance.
- We Are Independent: We are not tied to any single insurer. We scan the entire market to find the best policy for your unique needs.
- We Are Specialists: We understand the critical nuances of dementia cover and other serious conditions, ensuring your policy is built to perform when you need it.
- We Are Your Advocate: From application to claim, we are on your side, making the process simple, clear, and effective.
- We Believe in Holistic Wellbeing: Our commitment extends beyond the policy. With complimentary access to our CalorieHero app, we empower our clients with tools to support their health, reinforcing our belief in proactive, 360-degree protection.
Building your LCIIP shield is one of the most important financial decisions you will ever make. It's a direct investment in your family's peace of mind and security.
Frequently Asked Questions (FAQs)
Q: What if I already have health issues? Can I still get cover? A: Yes, it is often still possible. The insurer will assess your specific conditions. It may result in a higher premium or an exclusion for that specific condition, but you can still get comprehensive cover for everything else, including dementia. Full transparency during application is key.
Q: Is this type of insurance expensive? A: The cost depends on your age, health, lifestyle (e.g., smoker/non-smoker), the amount of cover, and the policy term. The crucial point is that it is almost always far cheaper than the alternative: funding care from your own pocket. A healthy 40-year-old can often secure a substantial LCIIP shield for less than the cost of a daily coffee.
Q: What's the difference between dementia and Alzheimer's for insurance? A: Alzheimer's disease is the most common cause of dementia. For insurance purposes, comprehensive critical illness policies cover "Dementia (including Alzheimer's disease)" under a single definition, meaning a diagnosis of Alzheimer's would typically satisfy the claim requirements.
Q: My parents had dementia. Will that affect my application? A: You will be asked about your family's medical history. Having a parent who developed dementia, especially at a later age (e.g., over 65), may not significantly impact your application. Early-onset dementia in multiple close relatives could have an impact, which is why seeking cover sooner rather than later is wise.
Q: What is "waiver of premium"? Why is it important? A: This is an essential add-on. It means that if you make a successful claim on your income protection or critical illness policy, the insurer will waive your future premiums for the duration of the claim. It ensures your protection cover stays in force for free, just when you can't afford to pay for it.
Q: How early should I think about this? A: The answer is now. The younger and healthier you are when you apply, the cheaper your premiums will be for the entire life of the policy. Locking in low premiums in your 30s or 40s is one of the smartest financial moves you can make. Waiting until you are older or have health issues makes it more expensive and potentially more difficult to obtain.
Your Legacy Is Your Choice
The data is clear. The threat is real. The UK is facing a dementia crisis that is as much financial as it is medical. To do nothing is to actively choose to put your home, your savings, and your family's inheritance on the line.
But you have the power to choose a different path.
The LCIIP Shield—Life Insurance, Critical Illness Cover, and Income Protection—is not an expense. It is a strategic investment in certainty. It is the mechanism by which you guarantee that a medical diagnosis does not become a financial disaster. It is the promise you make to your family that their future will be secure, no matter what challenges life may bring.
Don't leave your most precious assets to chance and the mercy of a broken social care system. Take control. Protect your life's work. Secure your legacy.
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!