UK's Hidden Health Burden 15 Years in Poor Health
UK's Hidden Health Burden 15 Years in Poor Health: UK 2025 Shock New Data Reveals Britons Will Spend Over 15 Years of Their Lives in Poor Health, Fueling a Staggering £4 Million+ Lifetime Burden of Unfunded Care Costs, Lost Income & Eroding Family Futures – Is Your LCIIP Shield Your Unseen Ally Against a Longer Life in Poorer Health?
We are all living longer. It’s a triumph of modern medicine and improved public health that we celebrate. But a shadow has fallen across this success story, a hidden burden that new data is bringing into stark, uncomfortable focus. While our lifespans have stretched, our healthspans have not kept pace.
Projections for 2025, based on the latest data from the Office for National Statistics (ONS), paint a sobering picture: the average Briton is now expected to spend over 15 years of their life in a state of poor health.
This isn't just about a few aches and pains in our later years. This is nearly two decades of potentially managing chronic conditions, facing mobility issues, or battling serious illnesses. The personal, emotional, and physical toll is immense. But the financial consequences are nothing short of catastrophic, creating a potential lifetime burden of over £4.5 million in unfunded costs that can decimate a family's financial security.
This staggering figure is not an exaggeration; it's a calculated risk composed of:
- Crippling lost income for both the individual and their partner.
- Astronomical unfunded care costs, whether at home or in a residential facility.
- The complete erosion of family assets, including savings, investments, and the family home.
The NHS, our cherished national safety net, was not designed to handle the financial fallout of long-term illness. It provides medical care, but it does not pay your mortgage, cover your bills, or fund your children’s futures when you can no longer work.
This is the new reality of modern longevity. The greatest financial risk you and your family may face is not dying too soon, but living a long life in progressively poorer health. The question is, what is your shield against this threat? This is where Life, Critical Illness, and Income Protection (LCIIP) insurance transforms from a 'nice-to-have' into an essential component of your family's financial fortress.
The Widening Gap: Why We're Living Longer, But Not Healthier
To understand the scale of this challenge, we must first grasp a crucial concept: the difference between Life Expectancy and Healthy Life Expectancy (HLE).
- Life Expectancy is the total number of years a person is expected to live.
- Healthy Life Expectancy is the number of years a person is expected to live in a state of "good" or "very good" health, free from disabling conditions.
The gap between these two figures represents the time we are likely to spend in poor health. And recent data shows this gap is widening.
| Metric (at birth) | Male | Female | Time in Poor Health |
|---|---|---|---|
| Life Expectancy | 78.6 years | 82.6 years | - |
| Healthy Life Expectancy | 62.4 years | 62.7 years | - |
| The Gap (Years in Poor Health) | 16.2 years | 19.9 years |
Source: ONS, Health state life expectancies, UK: 2020 to 2022. Projections based on current trends.
As the table shows, a boy born today can expect to live over 16 years in poor health, while for a girl, that figure is almost 20 years. This isn't a distant problem for a future generation; for those in their 30s, 40s, and 50s today, this trend is solidifying.
So, what's driving this divergence?
- The Rise of Chronic Conditions: We are surviving illnesses that would have been fatal a generation ago, but living with their long-term consequences. Conditions like Type 2 diabetes, heart disease, respiratory illnesses, musculoskeletal disorders (like arthritis), and long-term mental health challenges are becoming increasingly common.
- An Ageing Population: As a greater proportion of the population moves into older age brackets, the prevalence of age-related health issues naturally increases.
- Lifestyle Factors: Modern, often sedentary lifestyles, combined with dietary habits, contribute significantly to the risk of developing long-term health problems earlier in life.
- Pressure on the NHS: While the NHS excels at acute, emergency care, it is under immense strain. This leads to longer waiting lists for diagnostics, treatments, and therapies like physiotherapy, meaning conditions can worsen while patients wait for care.
This "healthspan gap" is the source of the hidden financial storm. It's these 15+ years that can systematically dismantle a lifetime of financial planning.
Deconstructing the £4.5 Million Threat: The True Cost of Poor Health
The figure of £4.5 million may seem shocking, but it becomes terrifyingly plausible when you dissect the components of a long-term health crisis for a middle-to-high-income family.
Let's imagine a hypothetical but realistic scenario: a 45-year-old marketing director earning £90,000 a year suffers a severe stroke. They survive, but are left with significant physical and cognitive impairments, unable to return to their high-pressure job. Their partner, earning £50,000, has to significantly reduce their hours to become a part-time carer.
Here’s how the financial devastation unfolds over the next 20 years until retirement age.
The Direct Costs of Care
The NHS provides medical treatment, but social care and quality-of-life adaptations are largely means-tested and chronically underfunded. Families are often left to foot the bill themselves.
| Cost Component | Average UK Cost | Potential Lifetime Cost |
|---|---|---|
| Domiciliary (At-Home) Care | £25 - £35 per hour | £26,000+ per year (for 20hrs/week) |
| Residential Care Home | £45,000 per year | £450,000 (for 10 years) |
| Nursing Home (with medical care) | £60,000+ per year | £600,000+ (for 10 years) |
| One-off Home Adaptations | £1,000 - £30,000+ | £30,000 (Stairlift, wet room, ramps) |
| Private Specialist Therapies | £80 - £150 per session | £20,000 (Physio, speech therapy to bypass queues) |
In our scenario, the family might opt for a mix of at-home care and private therapies, easily spending £300,000 - £700,000 over the duration of the illness.
The Crippling Impact of Lost Income
This is the largest and most destructive part of the financial equation. State support is minimal. Statutory Sick Pay (SSP) is currently just £116.75 per week and lasts for only 28 weeks. After that, you may be eligible for Employment and Support Allowance (ESA), which is even less.
Let's calculate the income black hole for our family:
- Lost Income (Individual): The director loses their £90,000 salary. Over 20 years to retirement at 65, that's a staggering £1.8 million in lost gross income.
- Lost Pension Contributions: The 10-15% employer/employee pension contributions are also lost. This could equate to over £270,000 in lost pension funds, which, with compound growth, could have been worth double that at retirement.
- Lost Income (Partner): The partner reduces their hours, cutting their £50,000 salary in half. That's a loss of £25,000 per year, or £500,000 over 20 years.
- Lost Career Progression: Both individuals lose any future pay rises, bonuses, or promotions. This 'opportunity cost' could easily add another £1 million+ to the total loss over two decades.
The total lost and forgone income in this scenario is well over £3.5 million.
The Ripple Effect on Your Family's Future
When millions of pounds in income disappear and hundreds of thousands in costs appear, the only place to turn is your family's assets. This creates a devastating ripple effect:
- Savings & Investments: ISAs, investment portfolios, and cash savings are the first to be depleted.
- The Family Home: The mortgage may need to be extended, or equity released, to cover ongoing costs. In the worst-case scenario, the home is sold.
- Children's Future: University funds are reallocated to care costs. The 'Bank of Mum and Dad' is permanently closed.
- Inheritance: Any planned inheritance for children or grandchildren is completely wiped out.
- Partner's Retirement: The caring partner's own pension is decimated, condemning them to a financially insecure retirement.
Total Lifetime Financial Burden:
- Lost Income (both partners + opportunity cost): ~£3.5M+
- Direct Care & Adaptation Costs: ~£0.5M+
- Lost Pension Growth & Other Assets: ~£0.5M+
- Total Potential Impact: £4 Million+
This is the hidden cost of living a longer, unhealthier life. It is the single biggest, unmanaged financial risk facing most British families today.
Your Financial First Aid Kit: Understanding LCIIP Insurance
Facing this reality can feel overwhelming, but a powerful and accessible solution exists. A well-structured portfolio of Life, Critical Illness, and Income Protection (LCIIP) insurance acts as a financial shield, specifically designed to counter the risks we’ve just outlined.
These are not just products; they are strategic tools. Let's break them down.
1. Income Protection (IP): The Monthly Lifeline
Often considered the bedrock of personal finance, Income Protection is arguably the most important insurance you can own.
- What it is: A policy that pays you a regular, tax-free monthly income if you are unable to work due to any illness or injury.
- How it works: You choose a percentage of your gross salary to cover (typically 50-70%). After you stop working, there is a pre-agreed waiting period (the 'deferred period'), after which the payments begin. These payments can continue until you recover, your policy term ends, or you retire, whichever comes first.
- Why it’s crucial: It directly replaces your lost salary. It pays your mortgage, your bills, and your groceries. It keeps your household running and prevents the immediate financial panic that follows a loss of income. It stops the entire financial house of cards from collapsing.
Example: Sarah, a 38-year-old architect earning £60,000, has an IP policy covering 60% of her income (£3,000/month) with a 3-month deferred period. She develops severe arthritis and is signed off work. After three months, her policy starts paying her £3,000 every month, tax-free, allowing her to focus on her health without worrying about losing her home.
2. Critical Illness Cover (CIC): The Lump Sum Saviour
While IP covers your monthly bills, Critical Illness Cover provides a financial sledgehammer to knock out major financial obstacles in one go.
- What it is: A policy that pays out a one-off, tax-free lump sum on the diagnosis of a specified serious condition (e.g., cancer, heart attack, stroke, multiple sclerosis).
- How it works: Insurers have a list of defined conditions they cover. If you are diagnosed with one of these conditions to the severity specified in the policy, the insurer pays the full sum assured.
- Why it’s crucial: This lump sum is incredibly flexible. It can be used to:
- Pay off your mortgage and other large debts instantly.
- Fund private medical treatment to bypass NHS waiting lists.
- Pay for significant home adaptations.
- Provide a financial cushion for your partner to take time off work.
- Replace a chunk of future lost earnings.
Example: David, a 45-year-old father of two, has a £200,000 CIC policy alongside his mortgage. He suffers a heart attack. The policy pays out £200,000. He uses it to clear his remaining mortgage, removing the family's biggest monthly outgoing forever. The rest is used for a less stressful, part-time return to work.
3. Life Insurance: The Ultimate Family Backstop
Life insurance remains the fundamental promise of protection for your loved ones in the event of your death.
- What it is: A policy that pays a lump sum to your nominated beneficiaries if you die during the policy term.
- How it works: You choose an amount of cover and a term (e.g., until your children are adults or your mortgage is paid off). If the worst happens, the money is paid out.
- Why it’s still essential: A critical illness can tragically become a terminal illness. Life insurance ensures that even in the ultimate worst-case scenario, your family's financial future is secure. It clears debts, provides an income, and leaves a legacy.
| Protection Type | What It Does | Payout Type | Primary Use |
|---|---|---|---|
| Income Protection | Replaces lost salary due to illness/injury | Regular Monthly Income | Paying bills, mortgage, daily living |
| Critical Illness Cover | Pays out on diagnosis of a serious illness | Tax-Free Lump Sum | Clearing mortgage, funding treatment |
| Life Insurance | Pays out upon death | Tax-Free Lump Sum | Clearing all debts, providing for family's future |
These three policies work together like a multi-layered shield. IP protects your monthly cash flow, CIC deals with the big capital shocks, and Life Insurance provides the final, ultimate safety net.
Building Your LCIIP Shield: A Practical Strategy
Knowing the tools is one thing; using them effectively is another. Building the right LCIIP shield isn’t about buying the most expensive policy; it’s about tailoring the cover to your unique circumstances. This is where expert guidance becomes invaluable.
At WeCovr, we specialise in helping individuals and families navigate this complex market. We compare plans from all the UK's leading insurers to find the precise cover that fits your needs and budget, ensuring there are no gaps in your financial armour.
Here are the key considerations we guide our clients through:
How Much Cover Do You Really Need?
- Income Protection: Your goal is to cover your essential monthly outgoings. Add up your mortgage/rent, council tax, utility bills, food, and transport costs. This is your target monthly benefit.
- Critical Illness Cover: A common starting point is to cover your mortgage and any other major debts. Many people also add one to two years' gross salary to provide a buffer for recovery and lifestyle adjustment.
- Life Insurance: A simple rule of thumb is to aim for 10 times your annual salary. A more detailed approach uses the D.O.N.E. acronym: cover your Debts, provide for Ongoing expenses, ensure your Next generation (children's education) is funded, and cover End-of-life costs.
The Devil is in the Detail: Key Policy Features
The cheapest policy is rarely the best. The policy wording and definitions are critically important.
- For IP - The 'Occupation' Definition: This is vital.
- 'Own Occupation' is the gold standard. It pays out if you are unable to do your specific job.
- 'Suited Occupation' pays out if you can't do your job or a similar one based on your skills.
- 'Any Occupation' is the weakest, only paying out if you are unable to do any work at all.
- For CIC - The Conditions: Don't just look at the number of conditions covered. Look at the definitions. Modern policies often include partial payments for less severe conditions (e.g., an early-stage cancer), which can provide vital early financial support.
- Premiums: Do you want Guaranteed premiums that stay the same for the life of the policy, or Reviewable premiums that start cheaper but can increase over time? Guaranteed premiums provide long-term budget certainty.
- Writing a Policy 'In Trust': For life and critical illness policies, placing the policy 'in trust' is usually free and is critically important. It means the payout goes directly to your beneficiaries, bypassing your estate. This avoids a lengthy probate process and potential Inheritance Tax, getting the money to your family when they need it most.
Beyond the Payout: The Hidden Benefits of Modern Protection
Modern insurance policies offer far more than just a cheque. The industry has evolved to become a partner in your health and wellbeing, with most top-tier policies now including a suite of value-added services at no extra cost.
These can include:
- 24/7 Virtual GP: Get a GP appointment via phone or video call, often within a couple of hours. This is invaluable for getting quick advice, prescriptions, and referrals.
- Second Medical Opinion Services: If you receive a serious diagnosis, you can have your case reviewed by a world-leading specialist to confirm the diagnosis and explore treatment options.
- Mental Health Support: Access to a set number of counselling and therapy sessions to help you and your family cope with the emotional strain of illness.
- Physiotherapy & Rehabilitation: Services designed to help you recover and get back to work faster.
These benefits can be worth thousands of pounds a year and provide incredible support during a difficult time. They demonstrate a shift from simply insuring against negative outcomes to actively promoting positive ones.
To show our commitment to our clients' long-term wellbeing, we at WeCovr go a step further. In addition to sourcing the best policy for you, we provide all our protection clients with complimentary access to our proprietary AI-powered calorie and nutrition tracking app, CalorieHero. We believe that helping you build and maintain healthy habits is a crucial part of securing your future, a philosophy that extends beyond the policy itself.
Case Study: The Tale of Two Families
The impact of having a robust LCIIP shield is best illustrated with a direct comparison.
Let's meet the Jacksons and the Taylors. Both are families in their early 40s with two children and a £250,000 mortgage. The main earner in each family, Mark Jackson and Sarah Taylor, earns £70,000 a year. Both suffer a major stroke.
Family A: The Jacksons (Unprotected)
- Weeks 1-28: Mark receives Statutory Sick Pay of £116.75/week. His income plummets by over £1,200 per week. They immediately start using their savings for the mortgage payment.
- Month 7: SSP stops. They apply for Universal Credit but the process is slow and the amount is a fraction of their outgoings. The stress is immense.
- Year 1: Their £20,000 in savings is gone. Mark's wife has to quit her part-time job to provide care. They release £50,000 of equity from their home to live on, increasing their debt.
- Year 3: Mark needs specialist physiotherapy, but the NHS waiting list is 9 months. They can't afford to go private. His recovery stalls. The equity money is running out. They face the prospect of selling the family home.
- The Outcome: A future of financial hardship, constant stress, and compromised recovery. Their children's futures are uncertain, and their retirement plans are destroyed.
Family B: The Taylors (Protected)
Sarah Taylor has an LCIIP plan arranged through an expert adviser.
- LCIIP Plan:
- Income Protection: £3,500/month benefit, 3-month deferred period.
- Critical Illness Cover: £250,000, linked to the mortgage.
- Life Insurance: £400,000 policy in trust for the children.
- Weeks 1-12: They use their savings to cover the 3-month deferred period, knowing support is coming. Sarah uses the policy's virtual GP service to manage medication.
- Month 4: The IP policy starts paying £3,500 tax-free into their bank account each month. This covers the mortgage and all essential bills. The immediate financial pressure is gone.
- Month 5: The £250,000 CIC claim is approved. They use it to pay off their entire mortgage. Their largest monthly outgoing disappears overnight.
- Year 1: With no mortgage to pay and the IP providing a stable income, Sarah's husband can afford to reduce his hours without financial stress. They use £20,000 of the CIC payout for intensive private physiotherapy and home adaptations. Sarah's recovery is accelerated.
- The Outcome: The family's financial security is completely intact. They remain in their home, debt-free. Sarah can focus entirely on her health, and their children's futures are safe. They have peace of mind.
| Financial Impact | The Unprotected Jacksons | The Protected Taylors |
|---|---|---|
| Primary Income | Drops to SSP, then benefits | Replaced by £3,500/month IP |
| Family Savings | Wiped out in months | Used temporarily, then preserved |
| Family Home | Equity released, at risk of sale | Mortgage paid off, secure |
| Medical Care | Reliant on NHS waiting lists | Supplemented with private therapy |
| Family Future | Bleak and uncertain | Secure and stable |
Taking Action: Your 5-Step Plan to Secure Your Future
The data is clear. The risk is real. Hoping for the best is not a strategy. Taking decisive action is the only way to shield your family from the financial devastation of long-term poor health.
Here is your simple, five-step plan:
- Acknowledge the Risk: The first step is to accept the new reality. A longer life does not guarantee a healthier life. Understand that the 15+ years of potential poor health represent a significant and unmanaged financial risk to your family.
- Audit Your Finances: Get a clear picture of your situation. Calculate your total monthly household outgoings. List all your debts, starting with your mortgage. This gives you the baseline numbers for the cover you need.
- Review Your Existing Cover: Check your employment benefits. Many employers offer some form of life insurance ('death-in-service') and sometimes group income protection. Find out exactly what you have. Is the cover amount sufficient? Crucially for IP, what is the occupation definition? Employer benefits cease when you leave the job, leaving you unprotected.
- Seek Expert Advice: This is not a DIY task. The insurance market is complex, and the cost of getting it wrong is too high. An independent expert adviser, like the team at WeCovr, will analyse your needs, explain your options in plain English, and search the entire market to find the most suitable and cost-effective solutions for you.
- Act Now: Procrastination is the enemy of protection. Insurance is priced based on your age and health at the time of application. The younger and healthier you are, the cheaper your premiums will be for the entire life of the policy. Don't wait for a health scare to force your hand; lock in low premiums today.
The Unseen Ally for a Longer Life
We are navigating a new world, one where the triumphs of longevity have brought with them the challenge of a longer period in poor health. This isn't a cause for despair, but a call for preparation.
The £4.5 million lifetime burden of care costs and lost income is a storm gathering on the horizon for millions of unprotected UK families. But you have the power to build a shelter.
A robust LCIIP shield is your unseen ally in this new reality. It is the financial mechanism that allows you to embrace a long life, confident that your family's financial security, your home, and your children's futures are protected, no matter what health challenges lie ahead. It is the wisest investment you can make—not in the hope of getting sick, but in the certainty of your family’s peace of mind.
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!