Income Protection for UK Freelancers Remote Workers

Safeguard Your Income and Future: Regional LCIIP Solutions for UK Freelancers & Remote Workers

Protecting Your Income & Future Regional LCIIP Solutions for UK Freelancers & Remote Workers

The Unseen Vulnerabilities of the Flexible Workforce

The UK's economic landscape has undergone a significant transformation, with a burgeoning flexible workforce choosing the autonomy of freelancing and remote work. The Office for National Statistics (ONS) reported that in late 2023, the number of self-employed individuals in the UK stood at approximately 4.2 million, a testament to this growing trend. While the allure of setting your own hours, choosing your projects, and working from anywhere is undeniable, this freedom often comes with an inherent financial vulnerability: the absence of traditional employer-provided benefits.

Unlike their employed counterparts who typically enjoy sick pay, holiday pay, death-in-service benefits, and sometimes even private health insurance, freelancers and remote workers are largely responsible for their own financial safety net. A sudden illness, a debilitating injury, or even a critical health diagnosis can bring income to a grinding halt, jeopardising not just daily living expenses but also long-term financial goals and the stability of dependents. This article will serve as your definitive guide to navigating the essential financial protections available: Life Insurance, Critical Illness Cover, and Income Protection Insurance (LCIIP), tailored specifically for the unique needs of the UK's flexible workforce. We'll explore why these solutions are not just beneficial, but absolutely vital, and how regional factors within the UK can influence your coverage needs.

Understanding the Core LCIIP Pillars

For freelancers and remote workers, understanding the fundamental differences and purposes of Life Insurance, Critical Illness Cover, and Income Protection is the first step towards building a robust financial defence.

Life Insurance: More Than Just a Policy

Life insurance is designed to provide a financial payout to your loved ones if you pass away during the policy term. For the self-employed, who often lack the "death-in-service" benefits common in employed roles, life insurance is not merely an option but a critical component of family financial planning. It ensures that your dependents are not left in financial distress during an already difficult time.

Purpose:

• Mortgage Repayment: A common use is to pay off an outstanding mortgage, preventing your family from losing their home.
• Income Replacement: Providing a lump sum or regular income to replace your lost earnings, enabling your family to maintain their lifestyle.
• Debt Repayment: Covering other outstanding debts such as loans, credit card balances, or business debts.
• Living Expenses: Ensuring funds for daily living costs, education fees for children, and future planning.
• Funeral Costs: Alleviating the immediate financial burden of funeral expenses, which can be substantial.

Types of Life Insurance:

• Term Life Insurance:
  • Level Term: Pays a fixed lump sum if you die within a specified period (e.g., 20 or 30 years). The payout remains the same throughout the term. Ideal for protecting interest-only mortgages or providing a general safety net.
  • Decreasing Term: The payout reduces over the policy term, typically aligned with the decreasing balance of a repayment mortgage. Often more affordable than level term.
  • Increasing Term (Indexed): The payout increases over time, usually in line with inflation (RPI or CPI), to ensure the sum assured retains its purchasing power. Premiums will also increase.
• Whole of Life Insurance: Provides cover for your entire life, guaranteeing a payout whenever you die, as long as premiums are maintained. Often used for inheritance tax planning or ensuring a payout for specific future needs. Generally more expensive than term policies due to the guaranteed payout.

Why it's crucial for freelancers: Without a corporate safety net, your earnings are directly tied to your ability to work. A life insurance policy fills this void, safeguarding your family's future should the unthinkable happen.

Table: Types of Life Insurance at a Glance

Critical Illness Cover: Your Financial Safety Net Against Health Crises

Critical Illness Cover (CIC) provides a tax-free lump sum if you are diagnosed with a specified serious illness covered by your policy during its term. These illnesses are typically life-altering conditions that could prevent you from working or necessitate significant lifestyle adjustments, such as cancer, heart attack, stroke, or multiple sclerosis.

Purpose:

• Income Replacement (Lump Sum): To provide immediate financial relief, allowing you to focus on recovery without worrying about lost earnings.
• Medical Costs: Covering private medical treatments, specialist consultations, or therapies not readily available on the NHS, or reducing waiting times.
• Adaptation Needs: Funding home modifications, specialised equipment, or care if your illness leads to long-term disability.
• Debt Repayment: Clearing mortgages or other debts to reduce financial pressure during recovery.
• Lifestyle Changes: Allowing you to take time off work, reduce hours, or retrain for a less physically demanding role without immediate financial hardship.

Prevalence of Critical Illnesses:

• Cancer (illustrative): Cancer Research UK reports that around 1 in 2 people born after 1960 in the UK will be diagnosed with some form of cancer during their lifetime. The financial impact of a diagnosis can be devastating, even if recovery is possible.
• Heart Attack/Stroke: The British Heart Foundation indicates that there are over 100,000 hospital admissions for heart attacks in the UK each year. Stroke also accounts for significant long-term disability.
• Other conditions: Conditions like Parkinson's, multiple sclerosis, and major organ transplants can have a profound impact on one's ability to work.

Why it's paramount for freelancers: For freelancers, a critical illness can mean an immediate and complete cessation of income, with no sick pay or employer benefits to fall back on. CIC provides the necessary financial buffer to navigate this challenging period.

Table: Common Critical Illness Conditions Covered

Note: The exact conditions covered vary by insurer. Always check the policy's Key Features Document.

Income Protection Insurance: The Lifeline for Lost Earnings

Income Protection Insurance (IP) pays out a regular, tax-free income if you are unable to work due to illness or injury. Unlike Critical Illness Cover, which pays a lump sum for specific conditions, IP covers a broader range of health issues, including mental health conditions and musculoskeletal problems, and continues to pay until you can return to work, the policy term ends, or you retire, whichever comes first.

Purpose:

• Replaces Lost Income: Provides a regular monthly income, typically 50-70% of your gross earnings, ensuring you can cover essential living expenses.
• Covers Broad Range of Issues: Unlike CIC, IP doesn't require a specific critical diagnosis. It covers almost any illness, injury, or mental health condition that prevents you from working.
• Long-Term Security: Payments can continue for many years, sometimes until retirement, offering substantial peace of mind.
• Maintains Lifestyle: Helps avoid dipping into savings or taking on debt during periods of ill health.

Key Features of Income Protection:

• Deferral Period (Waiting Period): The period you must wait after becoming unable to work before payments begin (e.g., 4, 8, 13, 26, or 52 weeks). A longer deferral period usually means lower premiums. Freelancers should consider their emergency savings when choosing this.
• Benefit Period: How long the policy will pay out (e.g., 1 year, 2 years, 5 years, or until retirement). 'Long-term' IP pays until retirement, offering the most comprehensive cover.
• Definition of Incapacity: Crucial for freelancers.
  • Own Occupation: Pays if you can't do your specific job (most desirable, but often more expensive).
  • Suited Occupation: Pays if you can't do your own job or a job you're reasonably suited to by training, education, or experience.
  • Any Occupation: Pays only if you can't do any job (least desirable, but cheapest).
• Claim Statistics: The Association of British Insurers (ABI) consistently reports high payout rates for income protection claims, often over 90%, demonstrating their reliability as a financial safety net.

Why it's paramount for freelancers: The ONS reported that in 2023, 2.8 million people in the UK were economically inactive due to long-term sickness. For a freelancer, a protracted period of illness or injury means zero income. IP is the closest thing to having an employer's sick pay, tailored for your self-employed reality. It bridges the gap between being well and being able to earn.

Table: Key Features of Income Protection

Why LCIIP is Non-Negotiable for Freelancers & Remote Workers

The flexible work revolution has brought unprecedented freedom, but it has also shifted the burden of financial protection squarely onto the individual. For freelancers and remote workers, LCIIP is not a luxury; it's a fundamental necessity.

Absence of Traditional Employer Benefits

The most glaring vulnerability for the self-employed is the complete lack of employer-provided benefits.

• No Sick Pay: Unlike employees, who are entitled to Statutory Sick Pay (SSP) or contractual sick pay, freelancers have no guaranteed income when ill. Every day unable to work is a day of lost earnings.
• No Death-in-Service: The often substantial lump sum paid to families of deceased employees is entirely absent for the self-employed, making personal life insurance indispensable.
• No Private Health Insurance: While not universal, many employers offer private medical insurance. Freelancers rely solely on the NHS, which, while excellent, can have waiting lists for non-urgent treatment and may not cover all rehabilitation or specialist needs.

Income Volatility and the Impact of Illness/Injury

Freelance income, by its nature, can be less predictable than a fixed salary. A good month can be followed by a quiet one. This volatility makes any interruption to work due to illness or injury profoundly impactful. Without LCIIP, even a short period of incapacitation can quickly erode savings, leading to debt and significant financial stress. Long-term illness could lead to the complete collapse of a business or personal finances.

The Burden on Family & Dependents

For freelancers with families, the stakes are even higher. If you're the primary or sole income earner, your inability to work places an immediate and often insurmountable financial strain on your dependents.

• Life Insurance ensures that your family's future is secure even if you're no longer there.
• Critical Illness Cover provides a cushion to manage medical costs and adapt to new circumstances without imposing a massive financial burden on your loved ones.
• Income Protection guarantees that bills can still be paid, food can be put on the table, and your family's lifestyle can be maintained, even if you're unable to generate income.

Protecting Business Continuity

For many freelancers, especially sole traders or directors of their own limited companies, personal well-being is directly intertwined with business continuity.

• An inability to work can mean missed deadlines, dissatisfied clients, and ultimately, a loss of future work or even the collapse of the business.
• While LCIIP primarily protects personal income, the stability it provides can indirectly safeguard your business by allowing you to focus on recovery rather than financial survival.
• Consider specific business protection policies (discussed later) for directors of limited companies, but personal LCIIP is the foundational layer.

Mental Health Considerations and Long-Term Recovery

The UK has seen a significant increase in mental health-related absences from work. The ONS reported that mental health conditions were a leading cause of long-term sickness absence in 2023. Freelancers are not immune to these challenges; indeed, the pressures of self-employment can sometimes exacerbate them. Income Protection policies are crucial here as they cover a wide range of mental health conditions, enabling you to take the necessary time to recover without the added stress of financial hardship. This is vital for a complete and sustainable return to work.

Navigating the Nuances: Tailoring LCIIP for Your Unique Needs

One size does not fit all when it comes to financial protection. Freelancers and remote workers must carefully assess their personal circumstances, income patterns, and even regional living costs to determine the right level and type of LCIIP.

Assessing Your Personal & Financial Circumstances

A thorough self-assessment is the bedrock of effective LCIIP planning. Consider the following:

1. Income Stability & Volatility:
   • Is your freelance income highly stable (e.g., long-term contracts) or highly variable (e.g., project-based, seasonal)?
   • If volatile, a slightly higher income protection cover might be wise to average out potential dips, though insurers will base it on historical earnings.
   • Do you have retainers or passive income that would continue during illness?
2. Dependents and Their Financial Needs:
   • Do you have children or a partner who relies on your income?
   • What would be their immediate and long-term financial needs if you passed away or became seriously ill? Factor in mortgage, education costs, childcare, and daily living expenses.
3. Debt Profile:
   • Do you have a mortgage, personal loans, credit card debt, or business loans?
   • How much would need to be cleared to alleviate financial pressure if your income stopped?
   • Consider specific decreasing term life insurance for repayment mortgages.
4. Existing Savings & Emergency Fund:
   • How much do you have in an accessible emergency fund? This directly influences the ideal deferral period for Income Protection. If you have 3-6 months of expenses saved, you can opt for a longer deferral period (e.g., 13 or 26 weeks), which reduces premiums.
5. Health Status & Medical History:
   • Your current health, past medical conditions, and family medical history will influence premiums and potentially exclusions. Be honest and comprehensive during the application process.
   • Are you a smoker? Do you have a high BMI? These factors significantly impact premiums.
6. Lifestyle Factors:
   • Do you engage in hazardous hobbies (e.g., skydiving, mountaineering)?
   • Does your freelance work involve any unusual risks (e.g., working at heights if you're a freelance roofer)? Such factors can affect underwriting.

Understanding Regional Cost of Living & Impact

The UK is a diverse economic landscape, and the cost of living varies dramatically from one region to another. This directly impacts how much cover you might need. A family living in central London will likely require a much higher sum assured to cover living expenses, mortgage, and childcare than a similar family in, say, the North East or parts of Wales.

• Housing Costs: This is often the most significant differentiator. Mortgage payments or rent in London and the South East are substantially higher than in other regions. This impacts the necessary payout from life insurance to cover a mortgage or sufficient income protection to cover rent.
• Childcare Costs: Urban centres, particularly in the South, tend to have higher childcare expenses.
• General Living Expenses: While some goods and services are nationally priced, local services, transport, and leisure activities can vary.

Example:

• Illustrative estimate: A freelancer in London might need a life insurance policy to cover a £500,000 mortgage and income protection to replace £3,500/month in take-home pay to maintain their lifestyle.
• Illustrative estimate: A freelancer in Newcastle upon Tyne might have a £200,000 mortgage and need to replace £2,000/month to achieve a comparable quality of life.

While the type of LCIIP solutions remains the same, the amount of cover needed is highly regionalised. It's crucial to calculate your essential outgoings accurately for your specific location.

Table: Illustrative Regional Cost of Living Considerations (Annual Essentials)

Note: These figures are highly illustrative and will vary significantly based on specific location, family size, and lifestyle choices. Use them as a conceptual guide to regional variations.

The Self-Assessment Checklist

To kickstart your planning, ask yourself these crucial questions:

• If you passed away tomorrow, how much money would your family need to cover immediate costs and maintain their lifestyle for the next 5, 10, or 20 years? (Consider mortgage, debts, living expenses, education.)
• If you were diagnosed with a critical illness today, could you afford time off work for treatment and recovery, cover any immediate medical costs, and adapt your home if necessary, without incurring debt?
• If you became ill or injured and couldn't work for six months, how would you pay your bills? How long would your savings last?
• Do you have anyone financially dependent on you (children, partner, elderly parents)?
• What is your typical monthly expenditure, including all bills, debts, and discretionary spending?
• How much debt (mortgage, loans, credit cards) would need to be cleared in a crisis?

The Application Process: What to Expect

Applying for LCIIP can seem daunting, but understanding the process makes it much smoother.

Gathering Information

Insurers will require detailed information to assess your risk profile and determine your premiums. This typically includes:

• Personal Details: Name, date of birth, address, occupation.
• Financial Information: Income (for IP), existing debts, and the sum assured you require. For freelancers, income verification might involve reviewing tax returns (SA302s), bank statements, or audited accounts.
• Medical History: Past and present conditions, medications, surgeries, and family medical history (especially for critical illness and life cover).
• Lifestyle: Smoking status, alcohol consumption, height/weight (BMI), hazardous hobbies, and travel to certain countries.

Underwriting Explained

Underwriting is the process by which an insurer assesses the risk of insuring you. They use the information you provide to determine:

• Whether they can offer you cover.
• The premium you will pay.
• If any special terms or exclusions need to be applied (e.g., excluding cover for a pre-existing condition).

The Importance of Honesty

It is absolutely paramount to be completely honest and transparent during the application process. Non-disclosure or misrepresentation of facts, even accidental, can lead to your policy being invalidated at the point of claim, leaving you and your family unprotected. If in doubt, disclose it.

Medical Examinations (When Required)

For higher sums assured, or if you have a complex medical history, the insurer might request a medical examination, blood tests, or a GP report. This is a standard part of the process and helps them get a complete picture of your health.

Impact of Pre-existing Conditions

Pre-existing medical conditions can affect your policy. Insurers may:

• Offer cover at standard terms.
• Apply an exclusion for that specific condition (e.g., exclude cover for any claims arising from a back condition if you've had a history of back problems).
• Charge a higher premium (known as a "loading").
• In rare cases, decline cover altogether.

It's still worth applying even with a pre-existing condition; many conditions are accepted, and an independent broker like WeCovr can help you navigate which insurers are most favourable for your specific circumstances. We work with all major UK insurers to find the best fit.

Common Myths & Misconceptions Debunked

Many freelancers shy away from LCIIP due to prevailing myths. Let's dispel some of the most common ones.

"It's too expensive."

While premiums are an outlay, the cost of not having cover can be infinitely higher. For many, a basic LCIIP package can be surprisingly affordable, especially when factoring in the peace of mind and financial security it provides. Premiums are influenced by age, health, and cover amount, so younger, healthier individuals often benefit from lower rates. Consider starting with what you can afford and reviewing it as your income grows.

"I'm young/healthy, I don't need it."

This is a dangerous misconception. Illness and accidents can strike at any age. In fact, buying LCIIP when you're young and healthy is often the most cost-effective approach, as premiums will be lower and you're less likely to have pre-existing conditions. Many critical illnesses and long-term disabilities affect people in their 30s and 40s.

"My savings will cover it."

While an emergency fund is crucial, it's rarely sufficient for long-term illness or critical health events. Could your savings truly sustain you and your family for months or even years without income? What if your recovery takes longer than expected, or a critical illness requires extensive financial outlay for adaptations or private care? LCIIP protects your savings, ensuring they remain for future goals rather than being depleted by a crisis.

"The NHS will pay for everything."

The NHS provides excellent care, but it doesn't cover all costs associated with illness or injury. It won't replace your lost income, pay your mortgage, cover childcare, or fund home adaptations. While treatments are often free at the point of use, the financial implications of being unable to work are entirely your responsibility as a freelancer.

"My partner works, we'll be fine."

While a partner's income provides some buffer, relying solely on one income stream can place immense pressure on them during a time of crisis. Could their income alone cover all household expenses, debts, and potentially increased costs associated with your illness or death? What if they also fell ill? LCIIP provides dual protection, safeguarding both your incomes and ensuring stability for the family unit.

Beyond Basic LCIIP: Advanced Considerations for Freelancers

Once your core LCIIP needs are met, freelancers, especially those operating as limited companies, might consider additional layers of protection.

Business Protection

For directors of limited companies or partners in a partnership, specific business protection policies can be invaluable.

• Key Person Insurance: Pays a lump sum to the business if a "key person" (e.g., a director, founder, or crucial employee) dies or becomes critically ill. This payout helps the business cover lost profits, recruitment costs for a replacement, and maintain continuity. For a one-person limited company, you are the key person.
• Relevant Life Policy (RLP): A tax-efficient life insurance policy for employees (including director-shareholders) of a limited company. Premiums are typically paid by the company, treated as a business expense (therefore tax-deductible), and the payout is usually free of inheritance tax. It's essentially a death-in-service benefit for small businesses.

Private Medical Insurance (PMI)

While LCIIP provides financial payouts, Private Medical Insurance (PMI) offers access to private healthcare services.

• Faster Diagnosis & Treatment: Reduces reliance on NHS waiting lists for non-urgent conditions, allowing for quicker return to work.
• Choice of Consultants & Hospitals: Gives you more control over your medical care.
• Access to Treatments: May cover treatments not readily available on the NHS.
• Complementary to LCIIP: PMI helps you get well faster, while IP replaces your income while you're unwell. They work hand-in-hand.

Waiver of Premium

This is an optional add-on to many LCIIP policies. If you become ill or injured and are claiming benefits from your Income Protection or Critical Illness policy, the waiver of premium ensures that your premiums for that policy (and sometimes associated policies) are waived. This means you don't have to worry about paying your insurance premiums while you're unable to work, maintaining your cover without added financial strain.

Inflation Protection (Indexation)

For long-term policies like Life Insurance and Income Protection, considering indexation is crucial. This option increases your sum assured or monthly benefit over time, typically in line with inflation (RPI or CPI), to ensure its purchasing power isn't eroded over decades. While your premiums will also increase annually, it safeguards the real value of your cover.

The Cost of Protection: What Influences Premiums

Understanding the factors that influence your LCIIP premiums can help you manage costs and make informed decisions.

• Age: The younger you are when you take out a policy, the cheaper it generally is.
• Health & Medical History: Excellent health leads to lower premiums. Pre-existing conditions or family medical history can lead to higher premiums or exclusions.
• Smoking Status: Smokers pay significantly more for all types of LCIIP due to increased health risks.
• Occupation: Some occupations (e.g., high-risk manual labour) are deemed riskier than office-based remote work, impacting premiums, especially for Income Protection.
• Sum Assured/Benefit Amount: The higher the payout or monthly income you require, the higher the premium.
• Policy Term: Longer terms (e.g., 30 years for life insurance) generally mean higher premiums.
• Deferral Period (for IP): A longer waiting period before payments begin results in lower IP premiums.
• Benefit Period (for IP): Policies that pay out until retirement are more expensive than those paying for only 1 or 2 years.
• Add-ons: Features like waiver of premium or indexation will increase the cost.

It's always advisable to obtain quotes from multiple providers, as pricing strategies and underwriting appetites vary significantly.

Choosing the Right Provider & Getting Expert Advice

The LCIIP market in the UK is vast, with numerous providers offering a myriad of policies. Navigating this landscape alone can be overwhelming.

The Role of an Independent Broker

This is where the expertise of an independent insurance broker becomes invaluable.

• Whole-of-Market Access: Unlike a direct insurer or tied agent, an independent broker works with all major UK insurers. This allows them to compare a wide range of policies and identify those that best fit your specific needs and budget.
• Expert Guidance: They understand the nuances of different policy wordings, exclusions, and definitions of incapacity (crucial for IP). They can explain complex terms in plain English.
• Tailored Advice: They will take the time to understand your unique freelance circumstances, income patterns, dependents, and regional living costs to recommend the right level and type of cover.
• Application Support: They assist with the application process, ensuring all information is accurately provided, reducing the risk of issues at claim stage. They can also advocate on your behalf with insurers.
• Cost-Effectiveness: By comparing quotes across the market, they can often secure competitive premiums that you might not find by going direct.

At WeCovr, we understand the complexities faced by UK freelancers and remote workers. We specialise in helping individuals like you secure robust financial protection. We work with all major UK insurers, allowing us to compare thousands of policies and help you find the right coverage that fits your budget and lifestyle. We guide you through the process, from initial needs assessment to application, ensuring you make informed decisions.

Comparing Policies: Features, Exclusions, Claim History

When reviewing policy options, look beyond just the premium:

• Definitions: For Critical Illness Cover, check the specific definitions for conditions (e.g., does it require a heart attack of a certain severity?). For Income Protection, scrutinise the "definition of incapacity."
• Exclusions: Understand what isn't covered. Common exclusions relate to pre-existing conditions, self-inflicted injuries, and certain hazardous activities.
• Additional Benefits: Many policies come with added perks, such as access to virtual GP services, second medical opinions, or mental health support lines. These can be valuable resources.
• Claims History: While past performance is no guarantee, an insurer's track record of paying claims can offer reassurance.

WeCovr can guide you through this comparison, highlighting the pros and cons of different providers based on your specific requirements.

Future-Proofing Your Plan: Regular Reviews

Life is dynamic, and your LCIIP policies should be too. What was suitable a few years ago might not meet your current needs.

Life Changes

Major life events warrant a review of your coverage:

• Marriage or Civil Partnership: Your financial responsibilities change.
• Having Children: A significant increase in dependents requires more cover.
• Buying a Home/Mortgage Changes: Review life insurance to ensure it still covers your mortgage.
• Increase/Decrease in Income: Adjust Income Protection to ensure it accurately reflects your earnings.
• Taking on Debt: New loans might require additional cover.
• Starting a Limited Company: Consider Relevant Life Policy or Key Person Insurance.
• Health Changes: If your health significantly improves (e.g., quitting smoking), you might be able to get better rates. If it deteriorates, ensure your existing cover is adequate before it becomes harder to obtain new cover.

Market Changes

The insurance market evolves. New products emerge, and pricing can shift. A regular review (e.g., every 2-3 years) ensures you're still getting the most competitive rates and that your policies align with the latest market offerings.

Importance of Reviewing Policies

Don't just "set it and forget it." A periodic check-up of your LCIIP portfolio ensures it remains relevant, adequate, and cost-effective as your life and circumstances evolve. An independent broker can facilitate these reviews, helping you adjust your policies as needed.

Conclusion: Secure Your Future: Act Now

The rise of the UK's freelance and remote workforce represents an exciting shift towards greater flexibility and autonomy. However, with this freedom comes the individual responsibility for financial security. Relying solely on savings, the NHS, or the income of a partner is a precarious position for anyone, but especially for those without the safety nets of traditional employment.

Life Insurance, Critical Illness Cover, and Income Protection Insurance are not mere expenses; they are vital investments in your peace of mind and the long-term well-being of your family. They provide a robust financial defence against the unforeseen challenges of illness, injury, and death, ensuring that a health crisis doesn't become a financial catastrophe. Understanding how regional living costs impact your needs, and tailoring your cover accordingly, is key to truly effective protection.

Don't leave your financial future to chance. Assess your needs, understand the options available, and seek professional guidance. Speaking to an expert broker like WeCovr today can simplify this complex process, allowing you to compare plans from all major UK insurers and find the right coverage that genuinely protects your income and future, no matter where your flexible work journey takes you.

Sources

• Office for National Statistics (ONS): Mortality, earnings, and household statistics.
• Financial Conduct Authority (FCA): Insurance and consumer protection guidance.
• Association of British Insurers (ABI): Life insurance and protection market publications.
• HMRC: Tax treatment guidance for relevant protection and benefits products.