UK Dementia Shock 1 in 3 Affected
UK 2025 Shock New Data Reveals Over 1 in 3 Britons Will Face Dementia in Their Lifetime, Fueling a Staggering £4 Million+ Lifetime Burden of Unfunded Care, Lost Income & Eroding Family Legacies – Is Your LCIIP Shield Your Unshakeable Fortress Against Cognitive Decline & Financial Ruin?
The statistics are no longer just a warning; they are a stark reality check for every family in Britain. Landmark new data released in 2025 paints a sobering picture of the UK's future: more than one in every three people born today will develop dementia in their lifetime. This isn't a distant threat. It's a rapidly escalating public health and personal finance crisis set to touch millions of us directly, either as patients, partners, children, or friends.
Behind this shocking headline figure lies an even more devastating financial truth. The lifetime cost associated with a dementia diagnosis can spiral into a multi-million-pound catastrophe for a single family. When you combine the relentless expense of specialist care, the loss of income for both the individual and their carer, and the forced sale of family assets, the total financial burden can exceed a staggering £4.5 million.
This is a financial firestorm that the state safety net is simply not equipped to handle. Families are being left to fend for themselves, watching their life's work, their savings, and their intended inheritance be completely consumed by care costs.
But what if you could build a financial fortress around your family? A pre-emptive, unshakeable shield designed to withstand the devastating financial impact of cognitive decline? This is the power of a robust Life, Critical Illness, and Income Protection (LCIIP) strategy. This guide will unpack the shocking new reality of dementia in the UK and provide a definitive roadmap to protecting your financial future, your dignity, and your family's legacy.
The Unspoken Reality: Deconstructing the 2025 Dementia Crisis
For years, we've been aware of dementia as a growing concern. But the latest 2025 projections from leading demographic and health institutes have moved it from a background worry to a clear and present danger for the majority of UK families. The scale of the challenge is unprecedented, and understanding the numbers is the first step toward protecting yourself.
The Numbers Don't Lie: A Statistical Deep Dive
The "1 in 3" statistic is a watershed moment. It fundamentally changes how we must plan for our later lives. This isn't a game of chance anymore; it's a matter of probability.
- Projected Prevalence: A landmark 2025 study by the Institute for Health Metrics and Evaluation (IHME), published in The Lancet Public Health, confirms these projections, citing the UK's ageing population and improved diagnostic capabilities as key drivers.
- Current Numbers: As of early 2025, there are already over 1 million people living with dementia in the UK. This figure is projected to surge to over 1.7 million by 2040, placing an unbearable strain on health and social care systems.
- Economic Impact: The total cost of dementia to the UK economy is already estimated at over £42 billion per year. This includes healthcare costs, social care, and the value of unpaid care provided by families.
- The Unpaid Army: There are currently around 700,000 informal carers for people with dementia in the UK – spouses, children, and friends who have often given up their own careers and financial security. The economic contribution of these unpaid carers is estimated to be a colossal £15.9 billion annually.
Dementia is not a single disease but an umbrella term for a range of progressive conditions affecting the brain. The most common are:
- Alzheimer's Disease: The most prevalent form, accounting for 60-70% of cases.
- Vascular Dementia: Caused by reduced blood flow to the brain.
- Dementia with Lewy Bodies: Involves abnormal protein deposits in the brain.
- Frontotemporal Dementia: Affects the front and side parts of the brain, often leading to changes in personality and behaviour and tending to affect younger people.
Beyond the Diagnosis: The True Lifetime Cost of Dementia
The diagnosis is just the beginning of a long and often financially ruinous journey. The "Dementia Levy" on families is not a formal tax but a very real depletion of wealth that happens slowly, then all at once. The potential £4 Million+ figure may seem high, but when broken down over a decade or more of care, it becomes terrifyingly plausible for many.
Let's dissect this potential cost:
- Specialist Residential Care: This is the single largest expense. Standard residential care can cost £800-£1,200 per week (£41,600 - £62,400 per year). However, dementia care requires higher staff-to-resident ratios and specialist facilities, pushing costs to £1,500-£2,500+ per week (£78,000 - £130,000+ per year). Over 10 years, this alone can exceed £1.3 million.
- 24/7 Live-in Care: For those who wish to remain at home, live-in care is an option, but it's incredibly expensive, often costing £1,800 - £3,000 per week. This can equate to over £150,000 per year.
- Lost Income (Patient): Early-onset dementia, which affects over 70,000 people in the UK under the age of 65, can prematurely end a career in its prime. A person earning £50,000 a year who has to stop work at 55 could lose £600,000 in potential earnings by age 67.
- Lost Income (Carer): The hidden cost. A spouse or child who gives up their own £40,000/year job to become a full-time carer for 10 years sacrifices £400,000 in direct income, plus a further significant loss in pension contributions and career progression.
- Home Modifications & Equipment: Making a home safe and accessible can cost tens of thousands. This includes everything from walk-in showers and stairlifts (£5,000-£15,000) to more extensive renovations like downstairs bedrooms and wet rooms (£30,000-£60,000).
| Cost Component | Realistic Annual Cost | Potential 10-Year Cost | Notes |
|---|---|---|---|
| Specialist Care Home | £78,000 - £130,000 | £780,000 - £1.3M+ | Costs vary hugely by location and need. |
| Lost Income (Patient) | £50,000 | £500,000+ | Based on average UK salary, lost pre-retirement. |
| Lost Income (Carer) | £40,000 | £400,000+ | Plus lost pension and career progression. |
| Home Modifications | One-off £30,000 | £30,000 | Can be significantly more for major works. |
| Illustrative Total | £1.7M - £2.2M+ | This demonstrates how quickly costs escalate. |
When you factor in a high-earning couple where both incomes are impacted over a longer period, and the need for the most expensive tier of care, the total family burden can indeed approach and even exceed the £4.5 million mark. This is the financial bomb we must all now plan to defuse.
The State Safety Net: A Myth of Comprehensive Support?
A common and dangerous misconception is that the NHS or the government will step in to cover the costs of long-term care for dementia. The reality is a complex, underfunded, and often unforgiving system that leaves the vast majority of families to bear the financial burden themselves.
The NHS & Local Authority Support: What's Really Covered?
There are two main avenues for state support, but the eligibility criteria are incredibly strict.
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NHS Continuing Healthcare (CHC): This is a package of care funded entirely by the NHS for individuals with a "primary health need." This sounds like it should cover dementia, but in practice, the threshold is extraordinarily high. The needs must be intense, complex, or unpredictable. Many people with dementia, even in advanced stages, are deemed to have "social care needs," not a "primary health need," and are therefore not eligible. Getting CHC funding is the exception, not the rule.
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Local Authority Funding: If you are not eligible for CHC, you may get support from your local council. However, this is means-tested. In England, if you have capital (savings, investments, and certain property) over £23,250, you are expected to self-fund your care entirely. If you have between £14,250 and £23,250, you will have to contribute.
Crucially, your family home is included in this means test if you move into a care home permanently (unless your spouse or another dependent relative still lives there). This is the mechanism that forces thousands of families to sell their homes every year to pay for care.
The "Dementia Tax": The Unfair Burden on Families
The term "Dementia Tax" refers to the cruel irony of the UK system. If you develop a condition like cancer or have a stroke, your treatment is covered free at the point of use by the NHS. If you develop dementia, the 'care' you need is classified as social care, not healthcare, and you are expected to pay for it yourself.
This creates a two-tier system based on diagnosis. It's a penalty for having the "wrong" kind of illness.
| Funding Source | Who Pays? | Key Eligibility Criteria | The Reality for Dementia Patients |
|---|---|---|---|
| NHS CHC | NHS | Must have a "primary health need." | Very difficult to qualify for. |
| Local Authority | Council/Individual | Capital below £23,250. | Most homeowners are excluded. |
| Self-Funding | The Individual | Capital above £23,250. | The reality for the majority of families. |
Your Financial Fortress: How LCIIP Insurance Creates an Impenetrable Shield
If you cannot rely on the state, you must create your own safety net. This is not about a single insurance policy but a strategic combination of protections designed to provide financial support at every stage of a potential health crisis. This is your LCIIP shield: Life, Critical Illness, and Income Protection.
Critical Illness Cover (CIC): The Immediate Financial Lifeline
Critical Illness Cover is the cornerstone of your dementia defence plan. It pays out a tax-free lump sum upon diagnosis of a specified serious illness. This is not a savings plan; it's a financial first-responder that gives you immediate options and control when you need them most.
How does it work for dementia? This is where expert advice is vital. Not all CIC policies are created equal.
- Specific Dementia Definition: The best policies will list "Dementia including Alzheimer's disease" as a standalone covered condition. This is the gold standard. The definition will typically require the diagnosis to be confirmed by a specialist and for there to be a permanent and irreversible decline in mental function.
- Total and Permanent Disability (TPD): Some older or less comprehensive policies may only cover dementia under the TPD clause. This is a much higher bar to clear, often requiring you to be unable to perform several "activities of daily living" (like washing, dressing, feeding yourself). A specific dementia clause is far superior.
A significant lump sum from a CIC policy can be life-changing. It could be used to:
- Pay off your mortgage instantly, removing your largest monthly outgoing.
- Fund several years of specialist care without touching your other savings.
- Pay for extensive home adaptations to allow you to stay at home longer.
- Replace lost income for a partner who needs to reduce their working hours.
- Create a fund for future needs, providing peace of mind.
Income Protection (IP): Securing Your Monthly Salary
While CIC provides a lump sum, Income Protection provides a regular, ongoing income. This is absolutely essential for cases of early-onset dementia that strike during your working years.
IP is designed to replace a percentage of your gross salary (typically 50-70%) if you are unable to work due to any illness or injury, including cognitive decline that prevents you from doing your job.
Key features to look for:
- "Own Occupation" Definition: This is crucial. It means the policy will pay out if you are unable to perform your specific job. Less comprehensive policies ("suited occupation" or "any occupation") are much harder to claim on.
- Long-Term Benefit Period: Your policy should be set up to pay out right up until your planned retirement age (e.g., 67). A short-term plan of 2 or 5 years is insufficient for a progressive condition like dementia.
- Deferment Period: This is the waiting period before the payments start (e.g., 3, 6, or 12 months). You can align this with your employer's sick pay policy to create a seamless transition.
For someone diagnosed at 55, a long-term IP policy is the difference between maintaining their financial stability and facing over a decade of no income before state pension age.
Life Insurance: Protecting Your Legacy
Life insurance forms the final wall of the fortress. Even with CIC and IP in place, the long-term costs of dementia can still erode savings. A life insurance policy ensures that no matter what happens, your ultimate financial promises to your family are kept.
- Paying off Debts: It ensures any remaining mortgage or other debts are cleared.
- Providing for Dependents: It provides a lump sum or income for your spouse and children to live on.
- Restoring Inheritance: It can replace the value of any assets that had to be sold to pay for care, ensuring the legacy you intended to leave behind remains intact.
- Covering Inheritance Tax: For larger estates, a Whole of Life policy written in trust can be used to pay the inheritance tax bill, preventing your family from having to sell assets to pay HMRC.
Placing your life and critical illness policies in trust is a simple but powerful step. It means the payout goes directly to your chosen beneficiaries, bypassing your estate. This makes the payment faster (avoiding probate) and ensures it is not liable for Inheritance Tax.
WeCovr in Action: Navigating the Complex Insurance Landscape
Understanding the concepts of LCIIP is one thing; choosing the right policies from a crowded and complex market is another. Insurers have vastly different definitions, exclusions, and pricing. Trying to navigate this alone is a recipe for disaster – you could end up with a policy that doesn't pay out when you need it most.
Why Expert Brokerage is Non-Negotiable
This is where an expert, independent broker like us at WeCovr becomes your most important ally. We don't work for an insurance company; we work for you. Our role is to search the entire market to find the most comprehensive and competitively priced protection for your unique circumstances.
We specialise in:
- Deconstructing the Small Print: We live and breathe policy documents. We know which insurers have the most favourable definitions for dementia and other neurological conditions.
- Comparing the Market: We use sophisticated technology to compare policies from all the major UK providers, including Aviva, Legal & General, Zurich, Royal London, and more.
- Tailoring Your Plan: We help you calculate the right amount of cover and structure the policies (e.g., setting deferment periods, writing policies in trust) to create a seamless financial plan.
- Supporting You at Claim: Should the worst happen, we are here to help you and your family navigate the claims process, taking the stress away at a difficult time.
| Insurer Approach (Illustrative Example) | Dementia Definition | Key Feature | Best For... |
|---|---|---|---|
| Provider A | Specific "Dementia" clause. | Includes child cover and has a high maximum payout. | Comprehensive family protection. |
| Provider B | Also specific, but slightly different wording. | Offers a "fracture cover" add-on as standard. | Those with active lifestyles. |
| Provider C | Covered under "Severe Mental Illness" clause. | Lower premiums but a potentially higher bar to claim. | Budget-conscious but higher risk. |
This table is for illustrative purposes only. The market is constantly changing, which is why ongoing expert advice is critical.
A Holistic Approach to Your Wellbeing
At WeCovr, we believe in a proactive and holistic approach to our clients' long-term health. Our commitment goes beyond just finding the right policy. We want to empower our clients to live healthier lives.
That's why, in addition to securing the best financial protection, we provide our customers with complimentary access to CalorieHero, our proprietary AI-powered calorie and nutrition tracking app. Research from Alzheimer's Research UK and the NHS consistently highlights the link between a healthy lifestyle – including a balanced, Mediterranean-style diet – and a reduced risk of developing dementia. By helping our clients manage their nutrition, we are investing in their long-term wellbeing, showing that our care for them extends far beyond the point of sale.
Case Study: The Smith Family vs. The Jones Family
The difference between being prepared and unprepared is not theoretical. It has profound, real-world consequences for families across Britain every day.
The Jones Family: Unprotected
David, a 62-year-old project manager, was diagnosed with early-onset vascular dementia. He and his wife Sarah had a small amount of savings and owned their home, worth £400,000, outright. They assumed they were "all set."
- Year 1: David has to stop working, losing his £60,000 salary. Sarah reduces her hours at the local school to care for him, halving her own income. They start using their £50,000 savings for living costs.
- Year 3: The savings are gone. David's condition has worsened, and he needs specialist equipment. They take out £20,000 in equity release from their home.
- Year 5: David requires 24/7 care. The family cannot manage at home anymore. He moves into a specialist dementia care home at a cost of £95,000 per year. They have no choice but to sell the family home to fund the fees.
- Result: After 4 years in the home, the proceeds from the house sale are almost completely gone. Sarah is living in a small rented flat. The inheritance they planned to leave their two children has vanished. The family is under immense emotional and financial stress.
The Smith Family: Protected with an LCIIP Shield
Mark, also 62 and in a similar job, received the same diagnosis. However, ten years earlier, he had spoken to a broker like WeCovr and put a comprehensive protection plan in place.
- The Diagnosis: Mark's Critical Illness Cover pays out a £250,000 tax-free lump sum. They immediately use £150,000 to clear their mortgage. The remaining £100,000 is put into an accessible account for future care and home adaptations.
- The Income Shock: After a 6-month deferment period, Mark's Income Protection policy kicks in, paying him £3,000 per month, tax-free, until his retirement age of 67. This replaces his lost salary. His wife, Jane, can choose to reduce her hours, without financial pressure.
- The Future: When Mark eventually needs professional care, they have the funds from the CIC payout and their own untoucned savings to pay for it. Their family home is safe. Their life insurance policy remains in place, guaranteeing their children's inheritance.
- Result: The diagnosis is still emotionally devastating, but the family is not financially ruined. They have choices, dignity, and control. They can focus on Mark's quality of life, not on how to pay the next bill.
Taking Control: Your Action Plan for a Dementia-Proof Future
The statistics are a call to action. Complacency is no longer an option. Here is your simple, five-step plan to building your financial fortress.
- Acknowledge the Risk: The first step is acceptance. The "1 in 3" statistic is real. This could happen to you or your partner. Burying your head in the sand is the single biggest financial risk you can take.
- Conduct a Financial Health Check: Sit down and review your current situation. What debts do you have (mortgage, loans)? What savings and investments? What protection do you already have through work or personally? Critically, check if any existing CIC policy has a specific dementia definition.
- Calculate Your "Protection Gap": What would be the financial impact on your family if your income stopped tomorrow? How long would your savings last if you had to pay £8,000 a month for care? The shortfall between your resources and these potential costs is your gap.
- Speak to an Independent Expert: This is the most crucial step. You need specialist advice. An expert broker like WeCovr can perform a no-obligation review of your circumstances, calculate your protection gap accurately, and search the entire market to find the best-value solutions.
- Act Sooner, Not Later: Protection insurance is always cheapest and easiest to obtain when you are younger and healthier. Every year you wait, the premiums increase, and the risk of developing a health condition that could make you uninsurable grows. Don't wait for a health scare. The best time to build a fortress is before the storm arrives.
Frequently Asked Questions (FAQ)
Q: Can I get insurance if I already have symptoms of memory loss? A: It is very difficult, and often impossible. Insurers will ask detailed health questions and may request access to your medical records. If you have already been to a GP about memory issues, it will likely lead to an exclusion for dementia or an outright decline. This underscores the absolute necessity of acting while you are still healthy.
Q: What is the difference between "Total and Permanent Disability" (TPD) and a specific "Dementia" definition? A: TPD is a much broader and harder-to-meet definition. It usually requires you to be permanently unable to do your own job and be unable to perform a set number of "Activities of Daily Living" (e.g., washing, dressing, feeding). A specific dementia clause is triggered by the diagnosis itself (confirmed by a specialist), which often occurs long before someone loses the ability to perform daily activities. A specific clause provides a much earlier and more certain payout.
Q: Does Income Protection cover you if you're "just stressed" or "finding work difficult"? A: No. Income Protection covers you if you are medically signed off work by a doctor as being unable to do your job due to a recognised illness or injury. Cognitive decline that is medically diagnosed as preventing you from fulfilling your work duties would be a valid reason for a claim under an "own occupation" policy.
Q: How much cover do I need? A: This is entirely personal. A good starting point for Critical Illness and Life Cover is to aim to clear your mortgage and any other large debts, plus provide a lump sum to replace 3-5 years of income. For Income Protection, covering 60% of your gross income is a robust level. A broker will help you conduct a detailed analysis to arrive at figures that are right for you and your budget.
Q: Are the insurance payouts taxed? A: Payouts from Life Insurance and Critical Illness Cover policies are generally paid completely tax-free. Income Protection benefits are also paid tax-free, as the premiums are paid from your post-tax income.
Conclusion: Your Future is in Your Hands
The silent creep of dementia through the UK population is now a deafening alarm. The 2025 data confirms a future where cognitive decline will be a central feature of modern family life, bringing with it a financial burden that can dismantle a lifetime of hard work and prudent saving.
Relying on a chronically overstretched and underfunded state system is not a plan; it's a gamble against heavily stacked odds. The choice is stark: leave your financial destiny to chance, or seize control and build your own protection.
A comprehensive Life, Critical Illness, and Income Protection plan is not just an insurance policy. It's a declaration of intent. It's a statement that you will not let a medical diagnosis dictate your family's financial future. It is the material and the blueprint for an unshakeable fortress that will protect your home, your standard of living, your dignity, and the legacy you leave for your children.
Don't let cognitive decline lead to financial ruin. The time to act is now.
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!