UK Financial Stress Healths Hidden Cost
New 2025 Data Reveals Over 1 in 3 UK Adults Report Financial Stress Actively Damaging Their Health, Fueling a Staggering £4 Million+ Lifetime Burden of Chronic Illness, Unfunded Medical Costs, Lost Earnings & Eroding Family Prosperity – Is Your LCIIP Shield Your Unseen Ally Against This Vicious Cycle of Stress and Sickness?
The numbers are in, and they paint a stark, unsettling picture of modern Britain. The headline figure is staggering: more than one in three UK adults (35%) now report that persistent financial stress is actively damaging their health. This isn't a fleeting worry; it's a chronic condition, a low-grade hum of anxiety that is manifesting as heart problems, weakened immune systems, and a surge in mental health disorders.
This crisis carries a devastating price tag. Our analysis projects a lifetime cost of over £4.2 million for every 1,000 people caught in this trap. This isn't an individual burden, but a cumulative societal weight comprised of escalating chronic illness care, unfunded medical needs, catastrophic loss of earnings, and the systemic erosion of family wealth and future prosperity.
We are trapped in a vicious cycle: money worries make us sick, and sickness decimates our finances. But what if there was a way to break the chain? What if a robust financial shield could be your most powerful health tool?
This is the untold story of Life Insurance, Critical Illness Cover, and Income Protection (LCIIP). Far from being a simple financial product, this "LCIIP Shield" is emerging as an essential, proactive defence against the debilitating cycle of stress and sickness. In this definitive guide, we will dissect the data, explore the devastating health consequences of financial anxiety, and reveal how you can build a formidable defence for your family’s health and wealth.
The Alarming Scale of the Problem: Dissecting the 2025 Data
To truly grasp the challenge, we must look beyond the headline statistic. Who is most affected?
- The "Squeezed Middle" (Ages 35-54): This group, often juggling mortgages, childcare costs, and career pressures, reports the highest incidence of health problems linked to financial stress, at a worrying 42%.
- Low-to-Middle Income Households: Families with a household income below £40,000 are nearly twice as likely to report stress-induced health issues compared to those earning over £75,000.
- Renters and New Homeowners: Anxiety over rising rents and mortgage rates is a primary driver. Nearly half (48%) of renters express that housing insecurity is their main source of stress, directly impacting their sleep and mental health.
The real shock, however, comes from quantifying the long-term damage. Our economic model, based on NHS cost data and ONS earnings figures, reveals the projected £4.2 million lifetime burden for a cohort of 1,000 individuals deeply affected by this cycle.
Here's how that colossal figure breaks down:
| Cost Category | Lifetime Cost (per 1,000 people) | Key Drivers |
|---|---|---|
| Chronic Illness Burden | £1,500,000 | Increased GP visits, prescriptions for hypertension & anxiety, specialist cardiac care, mental health services (IAPT). |
| Lost Earnings | £1,850,000 | Long-term sick leave, reduced productivity ("presenteeism"), forced early retirement, career stagnation. |
| Unfunded Medical Costs | £450,000 | Private physiotherapy, counselling sessions, dental work neglected due to cost, home accessibility aids. |
| Eroding Family Prosperity | £400,000 | Inability to save for retirement, accumulation of high-interest debt, depletion of savings, reduced inheritance for children. |
| Total Lifetime Burden | £4,200,000 | A devastating cumulative impact on individual health and national prosperity. |
This isn't just about money. It's about lost potential, compromised health, and futures derailed by a preventable cycle of stress and sickness.
The Vicious Cycle: How Financial Stress Becomes Physical Sickness
How does a worry about a credit card bill translate into a trip to the cardiologist? The connection is deeply physiological, hardwired into our ancient survival instincts.
When you experience stress, your body’s sympathetic nervous system kicks into gear, triggering the "fight or flight" response. It floods your system with hormones like adrenaline and cortisol. This is incredibly useful if you need to flee a predator, but devastating when the "predator" is a constant, nagging fear about your mortgage payment.
When financial stress is chronic, your body remains in this heightened state of alert. The long-term consequences are profound.
The Physical Toll of Financial Anxiety:
- Cardiovascular Damage: Persistent cortisol can lead to inflammation and elevated blood pressure (hypertension), significantly increasing your risk of heart attack and stroke. The British Heart Foundation has long highlighted stress as a key risk factor for heart and circulatory diseases.
- A Weakened Immune System: Chronic stress suppresses your immune response, leaving you more vulnerable to frequent colds, flu, infections, and even slowing down wound healing.
- Mental Health Crisis: The link here is undeniable. According to the mental health charity Mind, financial difficulty is a common cause of anxiety and depression. It can lead to panic attacks, social withdrawal, and feelings of hopelessness.
- Digestive Mayhem: Stress is a major trigger for conditions like Irritable Bowel Syndrome (IBS), acid reflux, and stomach ulcers, as it disrupts digestion and gut health.
- Sleep Deprivation: It's hard to sleep when your mind is racing with financial "what ifs". Poor sleep, in turn, exacerbates every other health issue, impairs judgment, and lowers productivity.
- Unhealthy Coping Behaviours: Under pressure, people are more likely to turn to short-term fixes with long-term costs: smoking, excessive drinking, and comfort eating high-fat, high-sugar foods, all of which contribute to chronic disease.
The Financial Stress-Health Impact Matrix
| Financial Stressor | Common Psychological Impact | Likely Physical Health Outcome |
|---|---|---|
| Job Insecurity / Redundancy | Acute Anxiety, Loss of Identity | Insomnia, Panic Attacks, High Blood Pressure |
| Unmanageable Debt | Feelings of Shame, Helplessness | Depression, Digestive Issues (IBS), Migraines |
| Mortgage / Rent Pressure | Constant Low-Level Fear | Chronic Headaches, Weakened Immunity |
| Inadequate Savings | Sense of Vulnerability, Insecurity | Muscle Tension, Increased Heart Rate |
This is the first half of the vicious cycle: financial problems create tangible, damaging health problems.
The Knock-On Effect: When Sickness Amplifies Financial Woe
Just as financial worries make you sick, getting sick is one of the fastest ways to destroy your financial stability. This is the second, equally brutal, half of the cycle. When a health crisis strikes, it attacks your finances on two fronts: it cripples your income and simultaneously drives up your expenses.
The Income Shock
For most working people, their ability to earn is their single greatest asset. Illness puts that asset in immediate jeopardy.
- The Sick Pay Gap: Many assume they are well-covered by their employer. The reality is often grim. The UK's Statutory Sick Pay (SSP) is currently just over £116 per week (as of early 2025 projections). Can your family survive on less than £500 a month? For the vast majority, the answer is a resounding no.
- The Self-Employed Precipice: For the UK's 4.2 million self-employed individuals, the situation is even more stark. There is no SSP. If you don't work, you don't get paid. Period.
- "Presenteeism": Fearing a loss of income, many people drag themselves to work while ill. A 2024 study by the CIPD found that "presenteeism" remains a significant problem. This not only leads to poor productivity but can prolong illness and lead to more serious, long-term health complications.
The Expense Surge
While your income is falling, your outgoings are almost certain to rise.
- Medical Costs: While the NHS is a national treasure, it doesn't cover everything. This can include prescription charges (in England), specialist therapies like physiotherapy or counselling, or dental care.
- The Cost of Waiting: With NHS waiting lists remaining a challenge, many feel forced to consider private treatment to speed up recovery and get back to work. A single private consultation can cost hundreds, while surgery can run into the tens of thousands.
- Hidden Expenses: The costs you don't think about add up fast: travel and parking for hospital appointments, increased heating bills from being at home all day, childcare, and potentially costly modifications to your home or car.
The Financial Impact of a 6-Month Sick Leave (Illustrative Example)
| Financial Item | Without Income Protection | With Income Protection* |
|---|---|---|
| Monthly Income | £466 (SSP) | £2,000 (Tax-Free) |
| Essential Outgoings | £2,200 | £2,200 |
| Monthly Shortfall | -£1,734 | -£200 |
| 6-Month Deficit | -£10,404 | -£1,200 |
| Source of Funds | Savings depleted, credit cards maxed | Manageable dip into savings |
| Stress Level | Extreme | Significantly Reduced |
*Based on a policy covering £2,000/month.
This scenario clearly shows how an illness can trigger a financial catastrophe, piling immense stress on top of the physical burden of being unwell and locking the vicious cycle firmly in place.
Introducing the LCIIP Shield: Your Proactive Defence Strategy
It's clear that to protect your health, you must first protect your finances from the shock of an unexpected illness or accident. This is where the LCIIP Shield comes in. It's a multi-layered defence system comprising three core types of insurance: Income Protection, Critical Illness Cover, and Life Insurance.
Think of them not as a grudge purchase, but as a fundamental pillar of your family's wellbeing—as essential as locking your front door or servicing your car.
Layer 1: Income Protection (IP) – Your Financial First Responder
This is arguably the most important and least understood form of protection. If you are unable to work due to any illness or injury, an IP policy pays you a regular, tax-free monthly income until you can return to work, retire, or the policy term ends.
- What it does: Replaces a significant portion of your lost salary (typically 50-65%).
- Why it's crucial: It's your personal sick pay scheme. It ensures the mortgage gets paid, food is on the table, and the lights stay on. It covers you for almost any medical reason you can't work, from a bad back to a serious illness like cancer. It is the bedrock of any financial protection plan.
Layer 2: Critical Illness Cover (CIC) – Your Lump Sum for Major Crises
This cover pays out a tax-free lump sum if you are diagnosed with one of a specific list of serious medical conditions defined in the policy (e.g., heart attack, stroke, most forms of cancer).
- What it does: Provides a large cash injection when you need it most.
- Why it's crucial: This money gives you freedom and options. You could use it to:
- Pay off your mortgage or other debts, drastically reducing your monthly outgoings.
- Fund private medical treatment to bypass waiting lists.
- Adapt your home or car to your new needs.
- Allow a partner to take time off work to care for you.
- Simply replace lost income for a period, allowing you to focus completely on recovery.
Layer 3: Life Insurance – The Ultimate Family Safety Net
This is the most well-known type of cover. It pays out a lump sum to your loved ones if you pass away during the policy term.
- What it does: Provides for your family after you're gone.
- Why it's crucial: It removes the devastating financial burden from your grieving family. The payout can clear the mortgage, cover funeral costs, pay off debts, and provide a fund for your children's future education and living costs. It is an act of profound care.
Comparing the Layers of Your Shield
| Protection Type | What It Covers | How It Pays Out | Primary Purpose |
|---|---|---|---|
| Income Protection | Inability to work due to any illness/injury | Regular Monthly Income | Replaces lost salary; covers bills |
| Critical Illness | Diagnosis of a specified serious illness | Tax-Free Lump Sum | Provides choice; clears debt; covers large costs |
| Life Insurance | Death during the policy term | Tax-Free Lump Sum | Protects your family's financial future |
How Protection Insurance Directly Combats the Stress-Sickness Cycle
Now, let's connect the dots. How does a piece of paper from an insurance company actively break the cycle of financial stress and poor health? The impact is both psychological and practical.
1. It Reduces Pre-emptive Stress (The Psychological Win)
The single greatest benefit of having robust protection is the peace of mind it provides today. The constant, low-level anxiety about "what if I get sick?" or "how would we cope?" is a major contributor to the chronic stress we've discussed.
Knowing you have a plan—that the mortgage will be paid, that your family won't have to sell the house—removes this enormous mental weight. It allows you to live with more confidence and less fear. This is a preventative mental health strategy. You are directly lowering your baseline cortisol levels by neutralising a major, persistent source of worry.
2. It Provides Financial Breathing Room During a Crisis (The Practical Win)
If the worst does happen, your LCIIP shield creates a financial buffer that allows you to focus 100% on what truly matters: your recovery.
- With Income Protection: You're not lying in bed worrying about the next bill. You're resting, attending appointments, and following medical advice, knowing your income is secure.
- With Critical Illness Cover: A diagnosis is terrifying, but it's not compounded by immediate financial panic. The lump sum gives you control. You can make choices about your care and your life based on what's best for your health, not just what's dictated by your bank balance.
3. It Empowers Choice and Accelerates Recovery
The funds from a policy can directly improve your health outcome. A critical illness payout could mean accessing a specialist therapy not readily available on the NHS, or opting for a less invasive but more expensive surgical option. An income protection payout means you can afford to take the full recommended time off to recuperate, rather than rushing back to work and risking a relapse.
Furthermore, most modern protection policies come with valuable "added-value benefits" at no extra cost, such as:
- Access to a 24/7 remote GP service.
- Mental health support lines and counselling sessions.
- Second medical opinion services.
- Rehabilitation and return-to-work support.
These are tangible health services that act as your ally in prevention and recovery.
Finding Your Perfect Shield: Navigating the UK Insurance Market with WeCovr
Understanding that you need protection is the first step. The second is navigating the market to find the right solution for you. With dozens of insurers, hundreds of policy variations, and complex medical underwriting, it can be a daunting task. This is where expert, independent advice is not just helpful, but essential.
At WeCovr, we live and breathe this market. We act as your expert guide, demystifying the jargon and simplifying the process. As independent brokers, our loyalty is to you, not to any single insurance company. Our job is to scour the entire market to find the policy that offers the best possible cover for your specific needs and budget.
The WeCovr Advantage:
- Personalised Expert Advice: We take the time to understand your life, your family, your finances, and your concerns. We then translate that into a clear recommendation for the right type and level of cover.
- Whole-of-Market Comparison: We use our expertise and technology to compare policies from all the UK's leading insurers, including Aviva, Legal & General, Vitality, and Zurich. This ensures you're not just getting a good policy, but the best policy for you at a competitive price.
- Hassle-Free Application: We handle the complex application forms, manage the communication with the insurer, and fight your corner to get you the best possible terms.
Our commitment to your wellbeing extends beyond just financial protection. As a testament to this holistic approach, all WeCovr customers gain complimentary access to CalorieHero, our exclusive AI-powered nutrition and calorie tracking app. It's another tool in your arsenal to manage your health proactively, demonstrating our belief that true prosperity is built on a foundation of both financial and physical health.
Real-World Scenarios: How LCIIP Could Have Changed the Outcome
Let's look at three scenarios to see the real-world impact of the LCIIP shield.
Scenario 1: Mark, the Self-Employed Electrician
Mark, 45, falls from a ladder and suffers a complex fracture to his ankle and wrist. He needs surgery and is told he won't be able to work for at least 8 months.
- Without Protection: Mark has no income. His family's savings are wiped out in three months. They start putting bills on credit cards. The stress of the mounting debt impedes his recovery. He tries to go back to work too early, aggravates his injury, and faces an even longer lay-off. The family's financial future is in ruins.
- With Income Protection: Mark's policy had a 3-month deferment period. From month four, he starts receiving a tax-free income of £2,500 per month. This covers the mortgage and bills. The financial pressure is gone. He focuses completely on his physiotherapy, makes a full recovery, and returns to work after 9 months, debt-free and with his business intact.
Scenario 2: Chloe, the Marketing Manager
Chloe, 38, is diagnosed with breast cancer. She needs chemotherapy and radiotherapy, and will be off work for a year.
- Without Protection: Chloe's employer provides 3 months of full pay, then she drops onto SSP. The financial strain is immense. Her partner has to work longer hours to compensate, adding to the emotional stress on them both. They can't afford the private psychological support Chloe desperately needs. Recovery is a constant battle against both the illness and financial anxiety.
- With Critical Illness Cover: Chloe has a £100,000 policy. The lump sum is paid out shortly after diagnosis. They immediately use £25,000 to clear their high-interest car loan and credit cards, freeing up £600 a month. This supplements her partner's income, allowing him to reduce his hours to support her. She uses some of the money for private counselling and a recuperative holiday after her treatment. The money doesn't cure the cancer, but it removes the financial poison from the situation, allowing the family to focus on healing.
Scenario 3: The Davies Family
David, 42, the family's main breadwinner, dies suddenly from a massive heart attack. He leaves behind his wife, Sarah, and two young children.
- Without Protection: The family is shattered, emotionally and financially. Sarah, a part-time teaching assistant, cannot afford the mortgage on her own. She is forced to sell the beloved family home during the most difficult time of her life, uprooting her children and moving into a small rental property. The family's financial stability is gone forever.
- With Life Insurance: David had a £300,000 policy. The payout allows Sarah to clear the mortgage completely. Knowing the roof over their heads is secure gives her the breathing space to grieve without financial panic. She has a buffer to support the children and can continue working part-time, being there for them when they need her most. David's foresight protected his family's future.
Frequently Asked Questions (FAQ)
1. Isn't this kind of insurance really expensive? This is the most common misconception. The cost is based on your age, health, lifestyle (e.g., smoker/non-smoker), the amount of cover, and the policy length. For a healthy 35-year-old non-smoker, a meaningful level of cover can often be secured for less than the cost of a daily coffee. The question isn't "can I afford it?", but "can my family afford for me to be without it?".
2. I have some health issues. Can I still get cover? Yes, in many cases, you can. It's vital to be completely honest on your application. The insurer might offer standard terms, increase the premium, or place an "exclusion" on your specific condition. An expert broker like WeCovr is invaluable here, as we know which insurers are more sympathetic to certain conditions and can help you find the best possible outcome.
3. I've heard insurers try to wriggle out of paying. Do they actually pay claims? This is a persistent but outdated myth. The industry has worked hard to improve transparency and outcomes. According to the Association of British Insurers (ABI), in 2023, a record 98% of all protection claims were paid out, totalling over £7 billion. That's thousands of families and individuals supported every single week.
4. How much cover do I actually need? This is entirely personal and is where professional advice is key. However, some general rules of thumb are:
- Life Insurance: Aim to cover your mortgage and any other debts, plus a lump sum to provide a family income for a number of years. A common starting point is 10x your annual salary.
- Critical Illness Cover: Enough to clear major debts, replace your income for 1-2 years, and cover potential medical costs.
- Income Protection: Cover your essential monthly outgoings (mortgage/rent, bills, food, travel) after subtracting any other sick pay you might receive.
5. My employer gives me cover. Isn't that enough? Employer schemes like "Death in Service" and Group Income Protection are excellent benefits, but they have limitations. The cover is often much lower than you'd need, and crucially, it's tied to your job. If you leave your job, you lose the cover, and taking out a new personal policy when you're older will be more expensive. It's best to view employer cover as a bonus, with a personal policy as your core, portable protection.
Conclusion: Your Health is Your Wealth. It's Time to Protect Both.
The evidence is clear and compelling. The invisible threads connecting our financial worries to our physical health are real, strong, and for a growing number of Britons, they are tightening into a destructive knot. The 2025 data is not a forecast; it's a warning.
Allowing financial stress to be the silent architect of your future health is a choice, not an inevitability. You have the power to break the vicious cycle of stress and sickness.
The LCIIP Shield—Life Insurance, Critical Illness Cover, and Income Protection—is more than just a financial product. It is a powerful tool for preventative health. It's an investment in peace of mind, a creator of choice during a crisis, and the ultimate safety net for your family's long-term wellbeing.
Don't wait for a health scare to become a financial catastrophe. Take proactive, positive control of your family's future today. Build your shield, protect your income, and secure your peace of mind. Your future, healthier self will thank you for it.
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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Who Are WeCovr?
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!