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Best Life Insurance for Couples UK 2025

Best Life Insurance for Couples UK 2025 2025

Securing your shared future is one of the most important financial conversations you can have as a couple. Whether you're buying your first home, welcoming a child, or simply building a life together, planning for the unexpected is a profound act of care. Life insurance is the cornerstone of that plan, providing a financial safety net should the worst happen.

For couples in the UK, the first major decision is choosing between a single policy covering both of you—a joint policy—or two separate individual policies. The difference might seem subtle, but the implications for your long-term financial security are significant.

This definitive 2025 guide will walk you through everything you need to know. We’ll explore the mechanics of joint versus individual life insurance, examine real-life scenarios, and delve into the wider world of protection like critical illness and income protection. Our goal is to empower you with the knowledge to make the best choice for your unique partnership.

Joint Policies vs Individual Life Insurance Explained

At its core, life insurance for couples boils down to one key question: do you want one policy that covers you both, or two separate ones? Let's break down exactly what each option entails.

What is Joint Life Insurance?

A joint life insurance policy is a single policy that covers two people. It requires one application, one set of underwriting, and one monthly premium. However, the crucial detail is how it pays out. There are two main types:

  1. 'First Death' Policies: This is the most common type of joint policy. It pays out the agreed-upon lump sum once, upon the death of the first partner. After the claim is paid, the policy ends, leaving the surviving partner without any further life insurance cover from that policy. These are often used to cover a specific joint debt, like a mortgage.

  2. 'Second Death' Policies: This type is much less common for general family protection. It pays out only after both policyholders have passed away. Its primary use is in inheritance tax (IHT) planning, providing a lump sum to the estate to cover the tax bill, ensuring beneficiaries receive the full value of the inheritance.

For the rest of this article, when we refer to 'joint life insurance', we'll primarily be discussing the common 'first death' variety.

What is Individual Life Insurance?

Individual (or 'single') life insurance for a couple simply means that each partner takes out their own, separate policy.

  • You have two policies.
  • You have two premiums (though they can often be paid via a single direct debit).
  • Each policy is completely independent of the other.

If one partner passes away, their policy pays out to their nominated beneficiary (usually the surviving partner). The surviving partner's own policy remains completely untouched and continues to provide cover for them until it expires or they pass away. This means there is the potential for two separate payouts over time.

At a Glance: Joint vs. Individual Policies

To make the comparison clearer, here’s a simple table highlighting the fundamental differences:

FeatureJoint 'First Death' PolicyTwo Individual Policies
Number of PoliciesOneTwo
Potential PayoutsOne (on the first death)Two (one for each partner's death)
Cover After a ClaimPolicy ends. Survivor has no cover.Survivor's policy remains active.
Typical CostUsually cheaper than two single policies.Usually slightly more expensive.
FlexibilityLess flexible. Can be complex to split.Highly flexible. Independent policies.
Best For...Covering a specific joint debt on a budget.Comprehensive family protection & future-proofing.

The choice isn't just about cost; it's about the level and duration of security you want to provide for your family.

The Pros and Cons: A Deeper Dive

The decision between joint and individual policies involves a trade-off between immediate cost and long-term security. Let's explore the advantages and disadvantages of each in more detail.

Advantages of Joint Life Insurance

  • Cost-Effectiveness: This is the main appeal. A joint policy is almost always cheaper than two equivalent single policies. Insurers price it this way because their risk is lower; they only ever have to make one payment. For couples on a tight budget, this saving can make cover more accessible.
  • Simplicity: One application form, one medical disclosure process, and one monthly payment. It’s administratively simpler to set up and manage, which many couples find appealing.

Disadvantages of Joint Life Insurance

  • The Single Payout Problem: This is the most significant drawback. Once the policy pays out on the first death, the cover ceases. The surviving partner is then left without life insurance. They would need to apply for a new policy at an older age, and potentially with new health conditions, which could make it significantly more expensive or even impossible to get.
  • Relationship Breakdowns: What happens if you separate or divorce? A joint policy can be a financial tie that is difficult to untangle. While you can cancel it, you can't easily split it into two single policies. Some modern policies include a 'separation option' allowing you to split the cover within a certain timeframe after a separation, but this isn't standard and may have conditions.
  • One Size Fits All: Couples often have different needs. One partner might be a high earner needing a large amount of cover, while the other might need less. A joint policy applies the same cover amount to both, which may not be optimal. Similarly, if one partner is a smoker or has a health condition, it will increase the premium for the entire joint policy.

Advantages of Individual Life Insurance

  • Potential for Two Payouts: This is the key benefit. A payout occurs upon the first death, providing immediate financial support. The surviving partner then retains their own policy, which can later provide a second payout for children or other dependents, or to cover funeral costs and leave a legacy.
  • Future-Proofing for the Survivor: The surviving partner doesn't have to worry about finding new cover. This is invaluable, as their health may have declined in the intervening years, making new insurance costly. They have a guaranteed safety net in place.
  • Complete Flexibility: Each policy can be tailored to the individual. You can choose different cover amounts and different policy terms. For example, the higher earner could have a larger amount of cover, or one partner could have a policy that runs until retirement while the other runs until the children are 25.
  • Simplicity on Separation: If the relationship ends, there's no financial mess to untangle. Each person simply keeps their own policy and can change the beneficiary if they wish.

Disadvantages of Individual Life Insurance

  • Higher Premiums: Two separate policies will almost always cost more per month than one joint policy. While the difference might only be a few pounds per month, especially for young, healthy couples, it is a factor to consider in your budget.
  • More Administration (Initially): You will need to complete two applications. However, a good adviser can streamline this process, often handling both simultaneously.

Which Type of Policy is Right for You? Scenarios & Examples

The "best" life insurance for you depends entirely on your personal circumstances, financial commitments, and future goals. Let's walk through some common scenarios to see which option might be more suitable.

Scenario 1: The First-Time Buyers

  • The Couple: Liam (29) and Chloe (27), non-smokers in good health. They've just bought their first house with a £275,000 repayment mortgage over 30 years. Their budget is tight after saving for the deposit and legal fees.
  • Their Priority: To ensure the mortgage is paid off if one of them dies, so the other isn't forced to sell their home.
  • Likely Solution: A joint 'first death' decreasing term assurance policy.
    • Why? The cover amount decreases over time, roughly in line with their repayment mortgage balance. This makes it the most affordable type of cover. As their primary concern is the mortgage debt, a single payout that clears it is sufficient for their immediate needs. The cost saving of a joint policy makes it a practical choice for their tight budget.

Scenario 2: The Young Family

  • The Couple: Mark (38) and Sarah (36) are married with two children, aged 5 and 8. They have a £200,000 mortgage. Mark is the main earner, while Sarah works part-time.
  • Their Priority: To not only clear the mortgage but also provide a financial cushion to replace the lost income and support the children through to financial independence.
  • Likely Solution: Two individual level term assurance policies.
    • Why? If Mark were to pass away, his policy would pay out. Sarah could use this to clear the mortgage and replace his income for a number of years. Crucially, her own policy would remain in place. Should she then pass away before the children are adults, her policy would pay out a second lump sum, ensuring their financial future is secure with a designated guardian. A joint policy would leave the children financially vulnerable after the first parent's death.

Scenario 3: The Business Owners

  • The Couple: David (45) and Emily (43) are both directors of their own successful marketing company. Their personal and business finances are intertwined. They have a large mortgage and two teenage children.
  • Their Priority: To protect both their family and their business.
  • Likely Solution: A sophisticated mix of personal and business protection. They would likely opt for two individual life and critical illness policies for their family's needs. In addition, they should strongly consider Relevant Life Cover paid for by the business. This acts as a death-in-service benefit for them as directors, but the premiums are an allowable business expense, making it highly tax-efficient. This provides an extra layer of protection for their family completely separate from their personal policies.

Scenario 4: The High-Net-Worth Couple

  • The Couple: Robert (66) and Susan (64) are retired. Their home is paid off, and they have significant investments and assets totalling over £2.5 million.
  • Their Priority: To pass on as much of their wealth as possible to their children and grandchildren, without it being significantly reduced by a 40% Inheritance Tax (IHT) bill.
  • Likely Solution: A joint 'second death' whole of life policy, written in trust.
    • Why? The policy pays out after the second partner dies, which is precisely when the IHT bill becomes due. By writing the policy in trust, the payout goes directly to the beneficiaries and doesn't form part of the estate, so it isn't taxed. This provides the exact funds needed to pay the tax man, preserving the value of the estate for their loved ones.
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Beyond Life Insurance: A Complete Financial Safety Net

Life insurance is vital, but it only covers death. A well-rounded financial protection plan for a couple should consider the risk of illness and injury too. According to the Association of British Insurers (ABI), UK insurers paid out over £7 billion in protection claims in 2023, with the majority being for life, critical illness, and income protection. This shows just how crucial this broader safety net is.

Critical Illness Cover (CIC)

This pays out a tax-free lump sum if you are diagnosed with one of a specific list of serious medical conditions, such as some types of cancer, heart attack, or stroke.

  • Why it's vital for couples: Surviving a serious illness can be financially crippling. The payout can be used to cover medical bills, make home adaptations, or replace income while one partner takes time off to recover or act as a carer.
  • Joint vs. Single CIC: Similar to life insurance, joint CIC policies usually only pay out once. If one partner claims for a critical illness, the policy pays out and then ends, leaving the other partner with no cover. For this reason, many couples opt for two separate CIC policies for more comprehensive protection.

Income Protection (IP)

Often considered the foundation of any protection plan, Income Protection pays a regular monthly income if you are unable to work due to any illness or injury.

  • Why it's vital for couples: Most households rely on at least one, if not two, incomes to function. If one of you is unable to work for an extended period, how would you pay the mortgage, bills, and food costs? Statutory Sick Pay is just £116.75 per week (as of 2024/25), which is rarely enough to survive on.
  • IP is always individual: Unlike life insurance, income protection policies are always taken out on an individual basis, as they are tailored to your specific occupation and salary.

Family Income Benefit (FIB)

This is a type of life insurance that works differently from a standard lump-sum policy. Instead of one large payment, it pays out a regular, tax-free monthly or annual income to your family, from the point of claim until the end of the policy term.

  • Why it can be great for couples: It can feel more manageable for the surviving partner, as it replaces the lost monthly salary rather than requiring them to manage a large lump sum. It's an excellent way to cover ongoing family living costs and can often be more affordable than an equivalent level term policy.

Special Considerations for Business Owners & The Self-Employed

If you or your partner are self-employed, a freelancer, or a company director, you lack the safety net of employee benefits like sick pay or death-in-service. This makes personal protection absolutely essential.

For the Self-Employed and Freelancers

Your income is your lifeline. If you can't work, your income stops.

  • Income Protection is non-negotiable. It's your replacement salary and should be the first protection policy you consider.
  • Life and Critical Illness Cover are equally important to protect your family and cover business liabilities should the worst happen to you.

For Company Directors

As a director of your own limited company, you have access to uniquely tax-efficient ways of arranging protection, paid for by your business.

  • Relevant Life Insurance: This is a company-paid death-in-service policy for an employee (including you, the director). The premiums are typically considered an allowable business expense by HMRC, and it doesn't count towards your annual pension allowance. The benefit is paid tax-free to your family via a trust. It’s a huge tax-saving compared to paying for personal life insurance from your post-tax income.
  • Executive Income Protection: This is an income protection policy owned and paid for by your company. Again, the premiums are usually a tax-deductible business expense. The benefit is paid to the company, which then distributes it to you via PAYE, providing a continuous income stream.
  • Key Person Insurance: This protects the business, not your family. It's a policy taken out on a key individual (like a director or top salesperson) whose death or critical illness would cause a significant financial loss to the company. The payout provides the business with the funds to recruit a replacement or manage the financial disruption.

Navigating these business protection options can be complex. Working with a specialist broker like WeCovr can help you structure these policies in the most tax-efficient way to protect both your business and your family.

How to Get the Best Life Insurance for Couples in 2025

Follow these steps to ensure you get the right cover at the best price.

Step 1: Assess Your Needs

Don't just guess a number. A rough calculation can be: (Mortgage + Other Debts + [Annual Family Expenses x Number of Years Needed]) - Existing Savings/Investments = Your Cover Amount

Think about the term too. Do you want cover until the mortgage is cleared? Until your youngest child is 25? Or for your whole life?

Step 2: Understand the Cost Factors

Your premiums are based on the level of risk you present to the insurer. Key factors include:

FactorWhy It MattersImpact on Premium
AgeYounger applicants are a lower risk.Lower
HealthPre-existing conditions increase risk.Higher
Smoking/VapingSmokers have a higher mortality risk.Significantly Higher
Amount of Cover (£)The larger the payout, the higher the risk.Higher
Policy TermA longer term means more risk for the insurer.Higher
Policy TypeDecreasing term is cheaper than level term.Varies
Occupation & HobbiesA risky job (e.g., scaffolder) or hobby (e.g., rock climbing) increases risk.Higher

Be completely honest on your application. Non-disclosure can lead to your policy being voided when your family needs it most.

Step 3: The Power of 'Writing in Trust'

This is one of the most important yet overlooked aspects of life insurance. A trust is a simple legal arrangement that separates your life insurance payout from your estate.

Why is it crucial?

  1. Avoids Probate: The payout goes directly to your beneficiaries (e.g., your partner or children) without waiting for the lengthy legal process of probate, which can take months. This means they get the money quickly when they need it most.
  2. Avoids Inheritance Tax: For most people, a policy written in trust is not considered part of your estate and is therefore not subject to a potential 40% IHT bill.

Most insurers provide the trust forms for free, and a good adviser will help you complete them correctly. It’s a simple piece of paperwork that can save your family thousands of pounds and a great deal of stress.

Step 4: Compare the Market with an Expert Broker

You could go directly to an insurer, but you would only see their products. You could use a comparison site, but you won't get advice on which policy is truly right for you or help with complex applications.

An independent broker offers the best of both worlds. Here at WeCovr, we specialise in helping couples and families navigate these crucial decisions. We compare plans from all the major UK insurers to find the right cover for your specific needs and budget. Our expert advisers can guide you through the pros and cons of joint vs. single policies and help you put your policy into trust.

We also believe in supporting our clients' long-term health. That's why, in addition to finding you the best protection, we provide all our customers with complimentary access to our AI-powered calorie tracking app, CalorieHero. We believe that going above and beyond in supporting your wellness journey is part of our commitment to you.

Step 5: Review Your Cover Regularly

Life insurance is not a 'set and forget' product. Your needs will change. Plan to review your cover every few years, or after any major life event:

  • Getting married or entering a civil partnership
  • Having a baby
  • Moving to a bigger house with a larger mortgage
  • Getting a significant pay rise
  • Changing jobs or starting a business

A quick review ensures your cover remains adequate for your family's needs.

The Final Verdict: Joint or Individual?

As we've seen, there is no single "best" answer.

  • A joint policy is a valid, cost-effective tool, primarily for covering a specific joint liability like a mortgage, especially when budget is the main constraint.
  • Two individual policies offer vastly superior flexibility and more comprehensive, long-term protection for your family, providing a double payout potential and future-proofing the surviving partner.

For a few extra pounds a month, many couples find the peace of mind offered by two separate policies is well worth the investment. The ultimate decision rests on your priorities: minimising today's cost versus maximising tomorrow's security.

The most important step is to take action. Talking about death is never easy, but planning for it is a responsible and loving thing to do. An open conversation with your partner, guided by expert advice, will ensure you build a financial fortress around the future you're creating together.

What happens to a joint life insurance policy if we split up?

This can be complicated. Usually, you have two options: 1) Cancel the policy entirely, leaving you both without cover. 2) One partner agrees to take over the policy and continue paying the premiums, changing the beneficiary. However, the policy still covers both original lives. Some modern policies include a 'separation option' or 'joint life separation benefit', which allows you to split the joint policy into two new single policies without further medical underwriting, typically within a set period (e.g., 6 months) of a legal separation, divorce, or dissolution of a civil partnership. It's a valuable feature to look for.

Is life insurance paid out tax-free?

Generally, the lump sum payout from a life insurance policy is paid free of income tax and capital gains tax. However, the payout may be subject to Inheritance Tax (IHT) if it forms part of your legal estate and your estate's total value is over the IHT threshold (currently £325,000 per person). The easiest way to avoid this is to write your policy 'in trust'. This legally separates the policy from your estate, meaning the payout goes directly to your chosen beneficiaries without being liable for IHT and without needing to go through probate.

Do we need a medical exam to get life insurance?

Not always. For many people, especially those who are younger and applying for a moderate amount of cover, insurers can make a decision based on the health and lifestyle questions on the application form. However, a medical examination (which may involve a nurse visit to check your height, weight, blood pressure, and take blood or urine samples) may be required if: you are older, you are applying for a very large amount of cover, or you have disclosed certain pre-existing medical conditions.

Can we get life insurance if one of us has a pre-existing medical condition?

Yes, it is usually still possible. You must declare all pre-existing conditions on your application. Depending on the condition and its severity, the insurer might offer cover at standard rates, increase the premium (a 'loading'), or exclude that specific condition from a critical illness policy. In some cases, they may decline cover. This is where an expert broker like WeCovr is invaluable. We have experience with all major insurers and know which ones are more likely to offer favourable terms for specific conditions, saving you time and helping you find the cover you need.

What is 'terminal illness benefit'?

Terminal illness benefit is a feature included as standard in most term life insurance policies. It allows the policy to pay out the full lump sum early if you are diagnosed with a terminal illness where a medical professional expects you to live for less than 12 months. This is not the same as Critical Illness Cover, which covers specific diagnoses that you may survive for many years. The early payment from a terminal illness claim can provide vital funds for end-of-life care, settling financial affairs, or fulfilling final wishes.

Is it better to get decreasing or level term insurance for a mortgage?

It depends on your mortgage type and financial goals. **Decreasing term insurance** is designed specifically for a repayment mortgage. The amount of cover reduces over time, roughly in line with your outstanding mortgage balance, making it the most affordable option just to clear the debt. **Level term insurance** provides a fixed lump sum throughout the policy term. It's suitable for an interest-only mortgage (where the capital debt doesn't decrease) or if you want the payout to not only clear the mortgage but also provide an additional lump sum for your family's living costs.

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!

There is no need to wait until the renewal of your current policy.
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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Life, income protection, and/or critical illness insurance are safety nets, very important at a difficult time. If anything happened to you before your cover ends, your life or critical illness insurance would pay a lump sum to your family and/or you (if you took a critical illness or income protection cover) to help cover the losses. Being diagnosed with a critical illness can be devastating, and it won't help matters to be also worrying about how you would cope financially. With a life, income protection, or critical illness policy, you can choose how much cover you need, how you want the policy to pay out, and whether you want cover for both you and your partner. Income protection insurance pays you a regular income if you can't work because of sickness or disability and continues until you return to paid work or you retire. Also known as permanent health insurance, it is quite important for anyone who relies on a paycheck to cover their living costs, but it's particularly important if you're self-employed or own a small business, where your income might be a bit less stable.

Life, income protection, and critical illness insurance pay out millions to families every day. Your expert will explain to you that you need to be honest and open when applying for your insurance.

If you're single with no dependants then it may be that you don't need life assurance. However, if you were to become seriously ill and unable to work, you may benefit from a critical illness or income protection policy. They can help you keep up to date with your rent, bills, food, and other expenses.

It's free to use WeCovr to find life, income protection, and critical illness insurance - we never charge you for quotes. Critical illness, income protection, and life insurance is an investment that pays many times over for you and/or your loved ones.

Life, income protection, and critical illness insurance are important financial products that insurance companies take a lot of care and diligence, so speaking to real human beings ensures that they understand your requirements fully so that you can get the right cover.

All of our partners are carefully vetted and authorised by the FCA, which means they are held to the highest standards that the FCA expects from them and treat all customers fairly!

Our insurance partners give us a few pounds when you take out a policy with one of their experts.

The cost of life insurance depends on several factors, including your age, occupation, health status, and the level of coverage you choose. Your life insurance policy is tailored to your needs, and the cost can vary based on the sum assured, policy term, and other factors.

Some life insurance policies offer an option to add critical illness cover as a rider or as a separate policy. This provides a lump sum payment if you are diagnosed with a critical illness covered by your policy, offering financial support during a difficult time.

Yes, life insurance is available to self-employed individuals to provide financial protection for their loved ones in the event of their death. It ensures that your family can maintain their standard of living and cover expenses such as mortgage payments, bills, and education costs.

If you outlive your life insurance policy and it expires without a claim, you will not receive any payout. Term life insurance policies are designed to provide coverage for a specific period, and once that period ends, the policy terminates without any residual value. However, you can typically renew or purchase a new policy if you still need coverage.

Critical illness insurance provides a lump sum payment if you're diagnosed with a serious illness covered by your policy, offering financial support during a difficult time. It can help cover medical expenses, mortgage payments, and other financial obligations while you focus on recovery.

Critical illness insurance covers a range of serious illnesses and medical conditions specified in your policy, such as cancer, heart attack, stroke, and organ failure. The lump sum payment can be used to cover medical treatment, ongoing care, and living expenses during your recovery.

The cost of critical illness insurance varies depending on factors such as your age, health status, lifestyle, and the level of coverage you choose. Our experts can provide personalised quotes to help you find affordable coverage.

Yes, you can have critical illness insurance alongside your health insurance coverage. Critical illness insurance provides additional financial protection specifically for serious illnesses, complementing your health insurance benefits.

Critical illness insurance policies typically have exclusions for pre-existing conditions and certain medical conditions not covered by the policy. It's essential to review the terms and conditions of your policy to understand what is and isn't covered.

Some critical illness insurance policies may provide coverage for recurring illnesses, while others may not. It's crucial to review the policy terms and understand the specific conditions under which you can make additional claims for recurring illnesses. Your insurer can provide more details on their coverage for recurring critical illnesses.

Yes, you can customise your life insurance policy to suit your individual needs and circumstances. Options may include choosing the sum assured, policy term, premium payment frequency, and additional riders for enhanced coverage.

If you miss a premium payment for your life insurance policy, your coverage may lapse, and your policy could be terminated. However, many insurers offer a grace period during which you can make the payment to keep your policy active. It's essential to contact your insurer to discuss your options if you're unable to make a payment.

Yes, you can typically change the beneficiary of your life insurance policy at any time by completing a beneficiary change form provided by your insurer. It's essential to keep your beneficiary designation up to date to ensure that the proceeds are distributed according to your wishes.

Term life insurance provides cover for a fixed period, such as 10, 20 or 30 years, and pays out a lump sum if you die during that time. It’s often chosen to protect a mortgage or to provide financial support while dependants still rely on your income. Whole-of-life insurance is designed to last for the rest of your life and guarantees a payout whenever you die, as long as premiums are maintained. It’s usually more expensive than term insurance and is sometimes used to help with inheritance tax planning or to leave a guaranteed legacy.

Some term life insurance policies offer the option to convert to a whole life insurance policy without the need for a medical exam or new underwriting. This conversion feature allows you to maintain coverage beyond the term of your policy and provides lifelong protection.

Some life insurance policies offer accelerated death benefits or living benefits that allow you to access a portion of the death benefit if you are diagnosed with a terminal illness. This feature provides financial assistance to help cover medical expenses and other costs during your final months.

While having savings can provide a financial cushion during tough times, income protection insurance offers additional security by replacing a portion of your income if you're unable to work due to illness or disability. It ensures that you can maintain your standard of living and cover essential expenses even if your savings are depleted.

Yes, self-employed individuals can claim income protection insurance if they're unable to work due to illness or disability. Income protection provides a regular income stream to replace lost earnings, helping self-employed individuals cover their living expenses and business costs during periods of incapacity.

The waiting period, also known as the elimination period, is the length of time you must wait after becoming unable to work due to illness or disability before you can start receiving benefits from your income protection insurance policy. Waiting periods typically range from 30 to 90 days, but longer waiting periods may result in lower premiums.

Income protection insurance is designed to provide financial support if you're unable to work due to illness or disability, not for redundancy. However, some policies may offer optional redundancy cover or unemployment cover as an additional benefit, providing a lump sum or monthly payments if you're made redundant.

The tax treatment of income protection insurance benefits depends on whether the premiums were paid with pre-tax or after-tax dollars. Benefits from policies funded with after-tax dollars are typically tax-free, while benefits from policies funded with pre-tax dollars may be subject to income tax. It's essential to consult with a tax advisor to understand the tax implications of your income protection insurance benefits.

Income protection insurance provides a regular income stream if you're unable to work due to illness or disability, while critical illness insurance provides a lump sum payment if you're diagnosed with a covered critical illness, such as cancer, heart attack, or stroke. Critical illness insurance offers financial support to cover medical expenses, living costs, or other obligations during your recovery.

Income protection insurance policies typically have a waiting period (also known as an elimination period) during which you do not receive benefits. If you become unable to work before this waiting period ends, you will not receive any income protection benefits until the waiting period has elapsed. It's important to have sufficient savings or other financial resources to cover your expenses during this initial period.

Many income protection insurance policies allow you to increase your coverage amount if your income rises, without the need for additional underwriting or medical examinations. This feature, sometimes called a 'guaranteed insurability option,' ensures that your coverage keeps pace with your increasing income and financial obligations.

The maximum age to purchase critical illness insurance varies depending on the insurer and the specific policy. While some insurers may offer critical illness insurance up to age 70 or beyond, others may have lower age limits. It's essential to check with insurers to determine their age eligibility criteria for purchasing critical illness insurance.

Whether you can get critical illness insurance if you have pre-existing conditions depends on the insurer's underwriting guidelines and the specific medical conditions. Some insurers may offer coverage with exclusions for pre-existing conditions, while others may decline coverage altogether. It's essential to disclose any pre-existing conditions when applying for critical illness insurance and discuss your options with insurers.

While health insurance provides coverage for medical expenses, critical illness insurance offers financial protection for broader expenses associated with a serious illness, such as lost income, household bills, and lifestyle changes. Critical illness insurance complements health insurance by providing additional financial support during a challenging time, ensuring that you can focus on recovery without worrying about financial burdens.

If you don't make a claim on your critical illness insurance during the policy term, you won't receive a benefit payout. However, having critical illness insurance provides peace of mind knowing that you're financially protected if you're diagnosed with a covered critical illness during the policy term. It's a form of financial preparation for unexpected events and offers valuable protection for you and your family.

If you outlive your critical illness insurance policy and don't make a claim for a covered critical illness during the policy term, the coverage will expire, and you won't receive a benefit payout. Critical illness insurance provides financial protection for a specific period, typically until a specified age or policy term, and offers peace of mind knowing that you're prepared for the unexpected.

Yes, many insurers offer optional riders or add-ons that you can add to your critical illness insurance policy for enhanced coverage. Common riders may include waiver of premium, which waives future premium payments if you become disabled, or return of premium, which refunds a portion of your premiums if you don't make a claim during the policy term. It's essential to review available riders with insurers to customise your coverage to meet your specific needs.

To make a claim on your critical illness insurance policy, you'll need to notify your insurer of your diagnosis and submit a claim form along with any required medical documentation, such as medical reports, test results, and physician statements. Once your claim is reviewed and approved by the insurer, you'll receive the lump sum benefit payment, which you can use to cover medical expenses, living costs, or other financial needs during your recovery.

As we age, the likelihood of encountering health complications increases for us all. In the event that you develop a severe medical condition, critical illness protection can assist with the expenses of crucial bills – enabling you to concentrate on recuperation or adjusting to your new health circumstance.

The typical expense of a Critical Illness protection policy will fluctuate based on aspects such as your age and medical background. As per our investigation, you can secure a policy starting from as low as £8 (for a non-smoking 21-year-old individual).

The most prevalent critical illnesses in the UK are cancer, cardiac arrest, and cerebrovascular accident (stroke).

Cancer is one of the primary causes for critical illness insurance claims in the UK. Cancer constitutes over 80% of critical illness cover claims for females and about 45% of critical illness claims for males.


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