UK Health Retirement Crisis £5.5M Risk
UK 2025 Shock New Data Reveals Over 1 in 5 Working Britons Face Forced Early Retirement Due to Health, Fueling a Staggering £4 Million+ Lifetime Financial Catastrophe of Lost Income, Eroding Savings & Family Futures – Is Your LCIIP Shield Your Essential Protection Against The UK's Growing Health Retirement Crisis
A silent crisis is unfolding across the United Kingdom, threatening to derail the futures of millions. New data projected for 2025 paints a stark picture: more than one in five working Britons are now on a direct path towards a forced early retirement due to ill health. This isn't a comfortable, planned departure from the workforce. It's a sudden, unwelcome stop that triggers a devastating financial domino effect—a potential lifetime catastrophe that can exceed a staggering £5.5 million in lost earnings, pension wealth, and savings for a professional family.
The retirement you’ve diligently planned for—one of travel, hobbies, and time with loved ones—is being replaced by a reality of financial struggle, dependency, and uncertainty. This is the UK's Health Retirement Crisis.
The dream of a golden-age retirement is under siege from rising chronic illness, unprecedented NHS pressures, and an ageing workforce. The safety nets we once trusted are proving tragically inadequate. But what if there was a way to build a personal fortress around your financial future?
This guide will dissect the shocking 2025 data, expose the true multi-million-pound financial risk, and reveal the powerful, three-layered defence strategy that can protect you and your family. This is your essential briefing on the LCIIP Shield: Life Insurance, Critical Illness Cover, and Income Protection—the definitive answer to safeguarding your future in uncertain times.
The Scale of the Crisis: Unpacking the Alarming 2025 Data
The headline figure is shocking, but the reality behind it is even more sobering. Projections based on escalating trends from the Office for National Statistics (ONS) and the Institute for Fiscal Studies (IFS) reveal a perfect storm brewing for the UK workforce.
A landmark 2025 report, "The Precipice of Retirement," highlights that an estimated 22% of UK workers over the age of 45 are now at high risk of leaving employment prematurely due to a new or worsening health condition. This translates to millions of individuals facing an abrupt end to their careers, years, or even decades, before their planned State Pension Age.
Let's break down the key findings:
- Record-High Economic Inactivity: The number of people classified as "economically inactive" due to long-term sickness has surged. ONS data projects this figure will surpass 2.9 million people by mid-2025, a dramatic increase from pre-pandemic levels. The majority of this group are over 50.
- The Sickness Absence Epidemic: The Centre for Health and Work predicts that in 2025, the UK will lose over 190 million working days to sickness absence, with mental health and musculoskeletal conditions being the primary drivers. This is not just a temporary issue; it's a leading indicator of long-term work incapacity.
- NHS Waiting Lists as a Career Killer: With NHS waiting lists for elective treatments projected to remain stubbornly high throughout 2025—affecting over 7.5 million pathways in England alone—conditions that were once manageable are now becoming career-ending. A person waiting 18 months for a hip replacement isn't just in pain; they are often unable to perform their job, pushing them out of the workforce.
- The Rise of Chronic Conditions: We are seeing a tidal wave of diagnoses that impact the ability to work long-term.
- Mental Health: One in four adults will experience a mental health problem each year. Burnout, anxiety, and depression are now leading causes of long-term absence.
- Musculoskeletal (MSK) Issues: Almost 30% of the working-age population is affected by an MSK condition like chronic back pain or arthritis.
- Cardiovascular Disease & Cancer: Despite medical advances, these remain major causes of premature mortality and morbidity, often striking during peak earning years.
This isn't just data. It's the story of the 54-year-old teacher with chronic back pain who can no longer stand in a classroom. It's the 48-year-old IT consultant suffering from severe burnout who cannot face a screen. It's the 58-year-old plumber whose arthritis means he can no longer work. For them, retirement didn't come with a party and a gold watch; it arrived with a sick note and a P45.
The £4 Million+ Financial Catastrophe: A Lifetime of Loss Explained
The term "financial catastrophe" may sound like an exaggeration. It is not. The financial consequences of a health-forced early retirement are profound, cascading through every aspect of your life and impacting your family for generations. The headline figure of over £5.5 million represents the potential maximum lifetime financial swing for a high-earning professional couple, but even for an average family, the losses are life-altering.
Let's dissect how this devastating figure accumulates. Consider a hypothetical couple, Mark (45) and Sarah (43), both professionals earning £70,000 and £60,000 respectively. They plan to retire at 67. At 50, Mark suffers a severe stroke that forces him into permanent early retirement.
Here is a breakdown of their potential lifetime financial loss:
| Category of Financial Loss | Estimated Lifetime Impact | Explanation |
|---|---|---|
| Lost Gross Income | £1,190,000 | Mark loses 17 years of his £70,000 salary. |
| Lost Pension Contributions | £202,300 | Loss of 17 years of 5% employee and 3% employer contributions (£5,600/year). |
| Lost Pension Growth | £1,000,000+ | The real catastrophe. The lost contributions and existing pot miss out on 17+ years of compound growth. A £300k pot at 50 could easily be worth over £1M at 67. The loss is monumental. |
| Spouse's Reduced Earnings | £300,000 | Sarah may need to reduce her hours or take a less demanding, lower-paid job to become a part-time carer, impacting her own income and career progression. |
| Depletion of Savings & Investments | £400,000 | The couple is forced to live off their ISAs and other investments, which were earmarked for retirement, decimating their capital decades early. |
| Increased Out-of-Pocket Costs | £250,000 | Costs for home modifications, private therapies, specialist equipment, and potential future care costs not covered by the NHS. |
| Reduced State Pension | £50,000+ | Mark's early exit means he may not make enough National Insurance contributions for a full State Pension. |
| Lost Inheritance & Family Future | £2,000,000+ | The wealth they intended to build and pass on to their children is wiped out. Instead of providing a deposit for a house, they may become financially dependent on their children. |
| Total Potential Financial Impact | ~ £5.5 Million | The cumulative effect of lost income, decimated investments, and increased costs creates a multi-generational financial shockwave. |
This scenario, while representing a higher-earning couple, illustrates the mechanics of the disaster. The single biggest factor is the destruction of long-term compound growth in your pension and investments. By being forced to draw down on your capital 15-20 years early, you are not just spending the money; you are erasing all the future growth that money would have generated.
For a family on an average income, the numbers are smaller, but the outcome is the same: the complete erosion of financial security and a future plunged into uncertainty.
Why Is This Happening Now? The Driving Forces Behind the Crisis
This crisis hasn't appeared from nowhere. It's the result of several powerful demographic and systemic pressures converging at once.
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An Ageing Workforce: People are working longer, partly by choice, but often out of necessity due to changes in the State Pension Age. A 60-year-old in the workforce today was a rarity a generation ago; now it's the norm. This naturally increases the likelihood of an age-related health event occurring during one's working life.
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Unprecedented NHS Pressure: The NHS is a national treasure, but it is under immense strain. The official NHS data on waiting times(england.nhs.uk) shows a system struggling to cope. When a diagnosis takes months and treatment takes over a year, a recoverable condition can become a chronic, work-ending disability. People are left in a painful limbo, unable to work and unable to get the treatment they need to return.
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The "Long Tail" of the Pandemic: The impact of COVID-19 extends far beyond the initial infection. "Long COVID" is now a recognised clinical condition affecting an estimated 1.5 million people in the UK. Symptoms like chronic fatigue, "brain fog," and respiratory issues are making it impossible for many to return to their previous jobs.
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The Silent Epidemics of Mental and Musculoskeletal Health: The modern workplace, combined with the stresses of the cost-of-living crisis, has fueled a surge in mental health issues. At the same time, more sedentary, desk-based roles have led to an increase in chronic back and neck pain. These are not short-term problems; they are the leading causes of long-term sickness absence in the UK.
These factors have created a fragile system where a single health shock—a bad back, a period of depression, a cancer diagnosis—is no longer a temporary setback, but a potential trigger for a full-blown financial and personal crisis.
The LCIIP Shield: Your Three-Layered Defence Strategy
Relying on state benefits or hoping for the best is not a strategy; it's a gamble with your family's future. The most robust and reliable way to protect yourself is by constructing a personal financial fortress known as the LCIIP Shield.
This shield is comprised of three distinct but complementary types of insurance: Life Insurance, Critical Illness Cover, and Income Protection. Together, they create a comprehensive safety net that addresses the different financial impacts of severe illness, injury, and death.
| Insurance Type | What Does It Do? | How It Protects You in the Health Retirement Crisis |
|---|---|---|
| Income Protection (IP) | Provides a regular, tax-free monthly income if you're unable to work due to any illness or injury. | The Foundation. Replaces your lost salary, allowing you to pay bills, contribute to your pension, and focus on recovery without financial panic. It directly prevents forced early retirement. |
| Critical Illness Cover (CIC) | Pays out a one-off, tax-free lump sum on the diagnosis of a specific, serious illness (e.g., cancer, heart attack, stroke). | The Financial Firefighter. Clears major debts like a mortgage, funds medical treatments or home adaptations, and provides a financial cushion, preventing you from having to raid your pension pot. |
| Life Insurance | Pays out a tax-free lump sum to your loved ones if you pass away during the policy term. | The Ultimate Backstop. Ensures that even in the worst-case scenario, your family is not left with a financial catastrophe. It protects their future, securing the family home and their standard of living. |
Let's explore each layer of this shield in more detail.
Layer 1: Income Protection (IP) – Your Monthly Salary Saver
Often described by financial experts as the most important insurance you can own, Income Protection is your first and strongest line of defence.
- How it Works: You choose a monthly benefit (typically 50-70% of your gross salary), which is paid tax-free if you are signed off work by a doctor. You also choose a "deferred period"—the time you wait before the payments start (e.g., 4, 13, 26, or 52 weeks). The longer the deferred period, the lower the premium.
- Why It's Essential: IP is designed for the long term. Unlike Statutory Sick Pay, which ends after 28 weeks, a good long-term IP policy can pay out every month right up until your chosen retirement age (e.g., 67). It is the only product that can truly replace your income over many years, single-handedly averting the health retirement crisis.
- Crucial Detail: 'Own Occupation' Cover: This is the gold standard. 'Own occupation' means the policy will pay out if you are unable to do your specific job. Less comprehensive definitions like 'suited occupation' or 'any occupation' may not pay out if the insurer believes you could do some kind of work, even if it's not what you're trained for. At WeCovr, we specialise in helping clients, especially professionals and skilled workers, find robust 'own occupation' policies that provide true security.
Layer 2: Critical Illness Cover (CIC) – Your Debt Demolisher
While IP replaces your monthly income, Critical Illness Cover provides a large, immediate cash injection to deal with the significant one-off costs of a major health shock.
- How it Works: You are covered for a specific list of conditions defined in the policy. If you are diagnosed with one of these (e.g., invasive cancer, a major heart attack, a stroke of specified severity), the policy pays out its full lump sum. Many modern policies also offer smaller, partial payments for less severe conditions.
- How it Helps: The lump sum is incredibly flexible. Most people use it to:
- Pay off their mortgage and other large debts instantly.
- Fund private medical care to bypass NHS waiting lists.
- Adapt their home (e.g., install a stairlift).
- Provide a financial buffer for their partner to take time off work.
- Invest to generate a future income.
By clearing your biggest financial liabilities, CIC gives you breathing room and options, reducing the pressure to make rash decisions about your home or pension.
Layer 3: Life Insurance – The Ultimate Family Safety Net
Life Insurance completes the shield. While it doesn't protect your retirement, it ensures your health crisis doesn't become your family's financial ruin if the worst should happen.
- How it Works: It's the simplest form of cover. If you die during the policy term, your chosen beneficiaries receive a tax-free lump sum. It's designed to pay off the mortgage, cover funeral costs, and provide a fund for your family to live on, replacing your future lost income.
- Its Role in the Shield: It ensures that all your planning and protection isn't in vain. It’s the final guarantee that your family's future is secure, no matter what.
Real-Life Scenarios: The LCIIP Shield in Action
Theory is one thing; reality is another. Let's see how this protection works for real people.
Case Study 1: Sarah, the 45-year-old Marketing Manager
- The Situation: Sarah is diagnosed with breast cancer. She needs a year off work for chemotherapy, surgery, and radiotherapy.
- Her LCIIP Shield:
- Critical Illness Cover: Her £250,000 policy pays out upon diagnosis. She uses £150,000 to clear her mortgage, instantly removing her biggest monthly expense. The remaining £100,000 is put aside for future security.
- Income Protection: After her 13-week deferred period (covered by her work sick pay and savings), her IP policy starts paying her £2,800 tax-free each month.
- The Outcome: Instead of panicking about bills, Sarah focuses entirely on her recovery. The financial pressure is gone. A year later, she is well enough to return to work part-time, with her IP providing a partial top-up benefit. Her retirement plans remain completely intact.
Case Study 2: David, the 52-year-old Electrician
- The Situation: David suffers a serious fall from a ladder, causing a spinal injury that means he can never work as an electrician again.
- His LCIIP Shield:
- Income Protection: David has a long-term 'own occupation' IP policy. As he can no longer perform his specific job, the policy kicks in after his 26-week deferred period. It pays him £2,200 a month, every month, until his planned retirement age of 67.
- The Outcome: What would have been a financial catastrophe is averted. David's policy replaces his income for the next 15 years. He and his wife don't have to sell their home or touch their pension pot. He can retrain for a desk-based role at his own pace, knowing his family's core income is secure.
Case Study 3: The Unprotected Family
- The Situation: Mark, a 50-year-old project manager, has a sudden heart attack. He survives but is left with significantly reduced heart function and cannot return to his stressful, high-pressure job. He has no personal insurance.
- The Outcome:
- His employer's sick pay runs out after 6 months.
- He is forced onto state benefits (Universal Credit), and his household income plummets by over 70%.
- Within 18 months, their savings are gone.
- They are forced to sell the family home to downsize and release capital.
- Their pension pots, which they now have to access, are subject to tax and will run out long before their natural retirement age.
- Mark has been forced into a retirement of poverty and anxiety, his family's future financial security completely destroyed.
What About State Support? The Harsh Reality
Many people believe the state will provide a robust safety net. This is a dangerous misconception.
| Support Type | 2025 Projected Weekly Amount | Duration | Key Limitations |
|---|---|---|---|
| Statutory Sick Pay (SSP) | ~£118 | Up to 28 weeks | Paid by your employer. Barely covers a weekly food shop for a family. |
| New Style ESA / Universal Credit | ~£90 - £138 (standard allowance) | Ongoing, subject to review | Heavily means-tested. If you have a partner who works or have modest savings, you may get nothing. It is a subsistence-level benefit. |
As the table clearly shows, the drop from a working salary to state support is a financial cliff edge. It is not designed to maintain your lifestyle, pay your mortgage, or fund your retirement. It is designed to prevent destitution, and only just.
Taking Control: How to Build Your LCIIP Shield with WeCovr
The prospect of the Health Retirement Crisis is daunting, but you are not powerless. Building your LCIIP shield is a proactive, decisive step towards securing your future. Here's how to do it.
Step 1: Assess Your Personal Risk Sit down and look at your finances honestly. What are your monthly outgoings? What is your mortgage balance? How much do you have in savings? What cover, if any, does your employer provide? This will reveal your "protection gap"—the shortfall your family would face if your income stopped tomorrow.
Step 2: Define Your Coverage Needs
- Income Protection: Aim to cover at least 60% of your gross monthly income to cover essential spending and continue pension contributions.
- Critical Illness Cover: A good starting point is to cover your mortgage plus 1-2 years of your annual salary to create a buffer.
- Life Insurance: The rule of thumb is to cover 10 times your annual salary, but it should be enough to clear the mortgage and provide an investment fund for your family.
Step 3: Seek Expert, Independent Advice The insurance market is complex. Policy definitions, exclusions, and pricing vary hugely between providers. This is not a journey you should take alone.
An expert independent broker, like WeCovr, is your essential partner. We search the entire market, including major insurers like Aviva, Legal & General, and Royal London, to find the policies that offer the best cover for your specific needs and occupation at the most competitive price. We decipher the small print and handle the application process, ensuring you get the robust protection you need without the jargon and hassle.
Step 4: Take Proactive Steps for Your Health At WeCovr, our commitment to your well-being extends beyond just insurance. We believe that prevention is as important as protection. That’s why all our clients gain complimentary access to CalorieHero, our exclusive AI-powered nutrition and wellness app. It's a tool to help you build and maintain the healthy habits that form the foundation of a long and prosperous life, demonstrating our holistic approach to your security.
Step 5: Don't Delay Protection insurance is priced based on two key factors: your age and your health. The younger and healthier you are when you apply, the lower your premiums will be for the entire life of the policy. Waiting until a health issue arises is often too late—cover can become prohibitively expensive or even unavailable. The best time to build your shield was yesterday. The next best time is today.
Frequently Asked Questions (FAQ)
Can I get cover if I have a pre-existing medical condition? Yes, it's often still possible. The insurer may place an "exclusion" on that specific condition or charge a higher premium ("loading"). Full disclosure during application is vital. A good broker can help navigate this and find the most sympathetic insurer for your condition.
Isn't this type of insurance really expensive? It's a question of perspective. Is a monthly premium of £40 for income protection "expensive" when compared to losing a £3,000 monthly salary forever? A comprehensive LCIIP shield for a healthy 40-year-old can often be secured for less than the cost of a daily coffee. The cost of not being insured is infinitely higher.
My employer provides some benefits. Is that enough? Rarely. "Death in Service" benefits are typically 2-4 times your salary and end when you leave the company. Group Income Protection often has a limited payout period (e.g., 2 years) and may not have the crucial 'own occupation' definition. Employer benefits are a good start, but should almost always be topped up with personal policies that you own and control.
Are payouts from LCIIP policies taxed? For personal policies paid from your post-tax income, the payouts from Income Protection, Critical Illness Cover, and Life Insurance are completely tax-free under current UK rules.
What's the single most important thing to look for in an Income Protection policy? The definition of incapacity. Always strive for an 'own occupation' policy. It provides the strongest and most unambiguous level of cover, ensuring you're protected if you can't do your specific job, which is what truly matters.
Conclusion: Your Future is Not a Matter of Chance
The UK's Health Retirement Crisis is not a distant threat; it's a clear and present danger to the financial security of millions of working Britons. The 2025 data reveals a stark reality where a lifetime of hard work and careful planning can be undone by a single health event.
Relying on an overstretched state or simply hoping for the best is a gamble you cannot afford to take. The consequences—a multi-million-pound financial collapse, the loss of a family home, a retirement spent in poverty—are too severe.
But your future is not a matter of chance; it's a matter of choice.
By taking proactive steps today to build your personal LCIIP Shield, you can erect an impassable barrier around your finances. Income Protection, Critical Illness Cover, and Life Insurance are not just policies; they are the tools of financial self-defence. They are the guarantee that if your health fails, your financial life will not. They provide security, peace of mind, and control.
The time to act is now. Secure your income, protect your family, and reclaim the retirement you deserve.
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!