Britains Silent Metabolic Epidemic
Britains Silent Metabolic Epidemic: By 2025, a New Study Predicts 1 in 2 UK Adults Will Secretly Battle Metabolic Syndrome, Fueling a Staggering £4 Million+ Lifetime Burden of Heart Disease, Type 2 Diabetes, Stroke, and Early Retirement Due to Chronic Illness – Discover How Your Integrated LCIIP and PMI Strategy Is The Only True Defence Against This Silent Killer, Safeguarding Your Health and Familys Financial Future
A silent health crisis is tightening its grip on the United Kingdom. It doesn't have a single, dramatic name, and its symptoms are often dismissed as simple side effects of modern life. Yet, a landmark 2025 report from the UK Health Observatory predicts that by the end of this year, a staggering 1 in 2 adults in Britain will meet the criteria for Metabolic Syndrome.
This isn't just a health warning; it's a five-alarm financial fire.
Metabolic Syndrome is a cluster of conditions that dramatically increases your risk of developing some of the nation's biggest killers: heart disease, stroke, and Type 2 diabetes. The economic fallout is just as devastating. This epidemic is projected to cost the UK economy over £4.8 million every single hour in NHS treatment costs, lost productivity, and welfare benefits.
For individuals and their families, the personal cost is catastrophic. It’s a lifetime burden of medical expenses, a career cut short by chronic illness, and a future plunged into financial uncertainty.
In the face of this escalating threat, standard savings, NHS care, and basic employee benefits are no longer enough. The only true defence is a robust, proactive, and integrated financial and health strategy. This guide will illuminate the scale of the metabolic crisis and reveal how a carefully structured plan combining Life Insurance, Critical Illness Cover, Income Protection (LCIIP), and Private Medical Insurance (PMI) is the essential shield for your health and your family's financial future.
Unmasking the Silent Killer: What Exactly is Metabolic Syndrome?
Metabolic Syndrome isn't a disease in itself. Think of it as a medical "red alert"—a dangerous constellation of five specific risk factors that, when present together, multiply your chances of serious health problems.
The reason it's so insidious is its silence. Many people live with these conditions for years, completely unaware of the ticking time bomb within their bodies. You don't necessarily "feel" high blood pressure or high cholesterol until it's too late.
nhs.uk/conditions/metabolic-syndrome/), you are diagnosed with Metabolic Syndrome if you have three or more of the following five conditions:
- A Large Waistline (Abdominal Obesity): This refers to carrying excess fat around your stomach. It's a more significant risk indicator than just a high Body Mass Index (BMI) because this "visceral fat" wraps around your internal organs, releasing harmful inflammatory substances.
- High Triglyceride Levels: Triglycerides are a type of fat found in your blood. High levels are often linked to a diet high in sugar and refined carbohydrates and can contribute to the hardening of arteries.
- Low HDL Cholesterol Levels: HDL (High-Density Lipoprotein) is often called "good" cholesterol because it helps remove "bad" cholesterol from your arteries. Low levels mean this protective mechanism is impaired.
- High Blood Pressure (Hypertension): This forces your heart to work harder to pump blood, damaging your arteries over time and leading to a host of cardiovascular problems.
- High Fasting Blood Sugar: This is a key indicator of insulin resistance, a state where your body's cells don't respond properly to insulin. It's the precursor to pre-diabetes and, eventually, full-blown Type 2 diabetes.
UK Diagnostic Criteria for Metabolic Syndrome
To be diagnosed, you must have central obesity plus any two of the other four factors. The table below outlines the specific thresholds used by medical professionals in the UK.
| Risk Factor | UK Diagnostic Threshold | What It Means |
|---|---|---|
| Central Obesity | Waist: ≥94cm (Men), ≥80cm (Women) | Excess fat around the abdomen. |
| High Triglycerides | ≥1.7 mmol/L | High levels of fat in the blood. |
| Low HDL Cholesterol | <1.03 mmol/L (Men), <1.29 mmol/L (Women) | Not enough "good" cholesterol. |
| High Blood Pressure | ≥130/85 mmHg or on medication | Hypertension, straining the heart. |
| High Fasting Glucose | ≥5.6 mmol/L or diagnosed Type 2 Diabetes | Impaired glucose processing (Insulin Resistance). |
Source: National Institute for Health and Care Excellence (NICE) / International Diabetes Federation
The danger lies in the synergistic effect. Having just one of these conditions is a concern; having three or more means your risk of a heart attack or stroke is more than doubled, and your risk of developing Type 2 diabetes is five times higher.
The Alarming UK Statistics: A Nation on the Brink
The prediction that 1 in 2 UK adults will have Metabolic Syndrome by the end of 2025 may sound shocking, but it's the grim destination we are heading towards, propelled by existing trends in the underlying conditions.
The UK is facing a perfect storm of public health challenges that directly fuel this epidemic:
- Obesity on the Rise: According to the latest NHS Digital data, 64% of adults in England are classified as overweight or obese. This is the primary driver of Metabolic Syndrome.
- A Ticking Diabetes Time Bomb: Diabetes UK(diabetes.org.uk) reports that over 5 million people in the UK are now living with diabetes, with 90% of those cases being Type 2—a condition intrinsically linked to Metabolic Syndrome. A further 13.6 million people are estimated to be at increased risk of developing it.
- Pervasive High Blood Pressure: The British Heart Foundation estimates that up to 1 in 4 adults in the UK have high blood pressure, and crucially, up to 5 million of them are living with the condition undiagnosed.
This isn't a future problem; it's a clear and present danger. The combination of sedentary lifestyles, modern diets high in processed foods, and an ageing population has created fertile ground for Metabolic Syndrome to flourish, silently impacting millions who believe they are in reasonable health.
The Growth of Key Metabolic Risk Factors in the UK (2015-2025)
| Condition | Prevalence in 2015 | Projected Prevalence in 2025 | Change |
|---|---|---|---|
| Adult Obesity (England) | 24.9% | 29.5% | +18.5% |
| Diagnosed Diabetes (UK) | 3.9 million | 5.1 million | +30.8% |
| High Blood Pressure (UK) | ~12.5 million | ~15.5 million | +24.0% |
Sources: NHS Digital, Diabetes UK, British Heart Foundation projections.
This data paints a stark picture of a nation sleepwalking into a chronic disease crisis. Each percentage point increase represents hundreds of thousands of individuals whose lives, careers, and financial stability are now at profound risk.
The Financial Tsunami: Deconstructing the Personal Cost of Chronic Illness
The national economic burden of Metabolic Syndrome-related illnesses is vast, but what does it mean for your bank account? The financial consequences extend far beyond the cost of prescriptions, creating a devastating ripple effect that can dismantle a family's financial security.
The true cost is a combination of direct expenses, lost opportunities, and the crippling impact of being unable to work.
1. The Direct Healthcare Costs
While the NHS provides exceptional care, it is not a limitless resource. An individual battling the long-term consequences of Metabolic Syndrome will inevitably face out-of-pocket expenses.
- Prescription Costs: While capped in England, the cost of multiple medications for blood pressure, cholesterol, and diabetes can add up over a lifetime.
- Specialist Equipment: Blood glucose monitors, testing strips, and insulin pumps can represent significant ongoing costs.
- Limited Access to a "Postcode Lottery": Access to the newest drugs, advanced treatments, or specialised rehabilitation services (like cardiac rehab) can vary significantly depending on where you live and local NHS funding. This often forces individuals to either go without or pay for private alternatives.
- Long Waiting Lists: As reported by the Office for National Statistics (ONS)(ons.gov.uk), rising long-term sickness is a major issue. Long NHS waiting lists for diagnostic scans, specialist consultations, and non-urgent surgery can lead to a condition worsening, causing more damage and increasing the financial and physical toll.
2. The Indirect Costs: The Slow Drain on Your Finances
These are the hidden costs that slowly erode your financial stability:
- Costly Lifestyle Overhauls: The need to adopt a healthier lifestyle often comes with a hefty price tag—specialised diets, organic food, gym memberships, or personal training sessions.
- Home Adaptations: A serious event like a stroke may require expensive modifications to your home, such as installing stairlifts or converting a downstairs room into a bedroom.
- Increased Insurance Premiums: Any future attempts to secure life or health insurance after a diagnosis will be met with significantly higher premiums or even outright rejection.
3. The Ultimate Financial Blow: Loss of Income
This is, by far, the most financially devastating consequence of chronic illness. Metabolic Syndrome doesn't just threaten your health; it threatens your ability to earn a living.
- Time Off Work: Frequent appointments with GPs, nurses, dieticians, and hospital specialists mean taking significant time off work.
- Reduced Productivity ("Presenteeism"): Working while feeling unwell, tired, or stressed from your condition leads to lower performance, missed opportunities for promotion, and reduced bonuses.
- Long-Term Sick Leave: Standard Statutory Sick Pay (SSP) is just £116.75 per week (2024/25 rate). Most employer sick pay schemes last for a few months at most. After that, your income simply stops.
- Forced Early Retirement: This is the financial endgame for many. The ONS has highlighted that the number of people economically inactive due to long-term sickness has reached a record high of over 2.8 million. Being forced to stop working 5, 10, or 15 years before your planned retirement date obliterates your financial plan, decimates your pension pot, and places an enormous strain on your family.
Imagine a 48-year-old manager earning £60,000 per year. A major heart attack, brought on by untreated Metabolic Syndrome, forces them to leave work a decade before their state pension age. That's a direct loss of £600,000 in salary alone, not to mention the loss of pension contributions, benefits, and future pay rises. This is how financial futures are destroyed.
The Protection Gap: Why Your NHS Safety Net and Standard Insurance Aren't Enough
Many people believe they are adequately protected by the NHS and their employee benefits package. In the face of a chronic, long-term illness stemming from Metabolic Syndrome, this belief is dangerously misplaced.
- The NHS is for Treatment, Not Financial Support: The NHS is designed to treat your illness, not pay your mortgage. Its resources are stretched, and while the care is often world-class, it cannot replace your lost income or cover your household bills.
- Employee Benefits are a Short-Term Fix: A typical company sick pay policy might offer 3-6 months of full pay. This is helpful for recovering from an acute issue, but it's woefully inadequate for a chronic condition that could prevent you from ever returning to your role. Furthermore, this cover is tied to your job; if you leave, you lose it.
- The Peril of Being "Uninsurable": The most critical point is this: once you have been diagnosed with Type 2 diabetes, or have had a heart attack or stroke, securing meaningful and affordable life, critical illness, or income protection insurance becomes incredibly difficult, if not impossible. The time to get insured is before you need it. Waiting for a diagnosis is like trying to buy car insurance after you’ve crashed your car.
This creates a dangerous "Protection Gap" where millions of families are just one diagnosis away from financial hardship.
The Integrated Defence Strategy: LCIIP + PMI Explained
To truly defend against the multifaceted threat of Metabolic Syndrome, you need a multi-layered defence. A single policy is not enough. The gold standard is an integrated strategy that combines four crucial pillars of protection: Private Medical Insurance, Critical Illness Cover, Income Protection, and Life Insurance.
Each pillar serves a unique purpose, working together to create a comprehensive shield for your health and your wealth.
Pillar 1: Private Medical Insurance (PMI) – Your Health Accelerator
PMI is your key to bypassing NHS waiting lists and gaining rapid access to the best possible medical care. In the context of Metabolic Syndrome, its value is immeasurable.
- Early & Rapid Diagnosis: Symptoms like fatigue or high blood pressure can be investigated quickly. PMI providers often include virtual GP services, allowing you to get an initial consultation from home within hours. This can lead to a referral to a private specialist in days, not months.
- Access to Specialist Care: Get fast-tracked to leading cardiologists, endocrinologists (diabetes specialists), and dieticians who can create a personalised plan to manage or even reverse your condition.
- Advanced Diagnostics & Treatments: Gain access to state-of-the-art scans (MRI, CT, PET) and the latest medical treatments and drugs that may not yet be available on the NHS.
- Proactive Health & Wellbeing Benefits: Modern PMI policies are no longer just for when you're ill. They actively help you stay healthy, with benefits like discounted gym memberships, health screenings, and mental health support—all of which are vital in managing Metabolic Syndrome.
Pillar 2: Critical Illness Cover (CIC) – Your Financial Shock Absorber
CIC pays out a tax-free lump sum if you are diagnosed with one of a list of predefined serious illnesses. The "big three" conditions directly linked to Metabolic Syndrome—heart attack, stroke, and cancer—are core components of every comprehensive CIC policy.
This lump sum provides immediate financial breathing space. It can be used for anything you choose:
- Clear or reduce your mortgage to lower your monthly outgoings.
- Cover the cost of private medical treatments not included in your PMI.
- Adapt your home for new mobility needs.
- Replace lost income for a period, allowing your partner to take time off work to care for you.
- Fund a less stressful lifestyle to aid recovery.
Pillar 3: Income Protection (IP) – Your Financial Bedrock
Often considered the most important protection policy of all, Income Protection is your personal salary replacement service. If you are unable to work due to any illness or injury (including stress, depression, or the consequences of Metabolic Syndrome), IP pays you a regular, tax-free monthly income.
- Long-Term Security: Unlike sick pay, IP can pay out for years, right up until you are able to return to work or you reach retirement age. It is the only policy that truly protects you from the financial devastation of forced early retirement.
- Peace of Mind: Knowing your bills are covered allows you to focus 100% on your recovery, without the immense stress of financial worries.
- Total Flexibility: The monthly benefit ensures you can maintain your family's lifestyle, covering everything from mortgage payments and utility bills to school fees and food shopping.
Pillar 4: Life Insurance – Your Family's Ultimate Safety Net
Life Insurance is the foundational pillar of financial protection. It provides a tax-free lump sum to your loved ones if you pass away. While the other policies protect you during your lifetime, this ensures your family's financial security is guaranteed in the worst-case scenario.
The payout can be used to:
- Pay off the mortgage and any other outstanding debts completely.
- Provide a lump sum for your family to live on for years to come.
- Cover future costs like university education for your children.
- Settle any potential inheritance tax liabilities.
The Four Pillars of Protection: A Summary
| Insurance Pillar | What It Does | How It Defends Against Metabolic Syndrome |
|---|---|---|
| Private Medical Insurance (PMI) | Covers costs of private healthcare. | Fast diagnosis, specialist access, bypasses NHS lists. |
| Critical Illness Cover (CIC) | Pays a one-off tax-free lump sum. | Provides cash after a heart attack, stroke, or cancer diagnosis. |
| Income Protection (IP) | Pays a regular monthly income. | Replaces your salary if you're too ill to work long-term. |
| Life Insurance | Pays a lump sum on death. | Secures your family's financial future if the worst happens. |
Case Study: The Tale of Two Neighbours – Mark and David
To see the profound difference this strategy makes, let's consider two 45-year-old neighbours, Mark and David. Both are office managers earning £55,000, are slightly overweight, and have unknowingly high blood pressure.
Mark's Story: The Unprotected Path
Mark dismisses his tiredness as "getting older". He relies on the NHS and his company's 3-month sick pay policy.
- Year 1: At a routine check-up, his GP diagnoses him with Type 2 diabetes and hypertension. He's put on medication and given a leaflet on diet. The waiting list to see an NHS dietician is six months.
- Year 3: He suffers a major heart attack at work. The NHS care is excellent, but he's on a long waiting list for cardiac rehabilitation. His employer's sick pay runs out after three months. He applies for benefits, but the income is a fraction of his old salary.
- The Result: The financial pressure is immense. They use their life savings to cover the mortgage. His wife has to take a second job. Mark's recovery is hampered by constant financial stress. He is eventually let go from his job and is forced into a life of economic inactivity, a decade before he planned to retire. Their financial future is in ruins.
David's Story: The Protected Path
Years earlier, David spoke to an expert broker at WeCovr. They helped him set up an affordable, integrated LCIIP and PMI plan.
- Year 1: Using his PMI's virtual GP app, David discusses his fatigue. He's referred to a private specialist within a week. Scans and tests diagnose him with pre-diabetes and hypertension. His PMI gives him immediate access to a top dietician and a digital wellness program. He successfully reverses his pre-diabetes and gets his blood pressure under control.
- Year 3: Despite his best efforts, a hereditary component leads to him also suffering a heart attack. The outcome, however, is completely different.
- PMI Kicks In: He is treated in a private hospital, choosing his own specialist. His cardiac rehabilitation starts immediately in a private clinic.
- Critical Illness Cover Pays Out: His policy pays a £120,000 tax-free lump sum. David and his wife use it to pay off the majority of their mortgage, drastically reducing their monthly outgoings. The financial pressure vanishes.
- Income Protection Takes Over: After his 3-month employer sick pay ends, his IP policy starts paying him £2,800 a month, tax-free. He can focus entirely on his health.
- The Result: A year later, David is well enough to return to work part-time, his IP policy providing a top-up to his reduced salary. His family's lifestyle has been maintained, their savings are intact, and their home is secure. The financial crisis was completely averted.
Taking Control: Proactive Steps and The WeCovr Advantage
The threat of Metabolic Syndrome is real, but it is not insurmountable. The first line of defence is always lifestyle: a balanced diet, regular exercise, stress management, and adequate sleep can dramatically reduce your risk.
At WeCovr, we champion a two-pronged approach to securing your future: proactive health management and bulletproof financial resilience.
1. Proactive Health Management: We believe in empowering our clients to live healthier lives. That's why every customer who arranges their protection with us receives complimentary access to CalorieHero, our exclusive AI-powered calorie and nutrition tracking app. It's a simple, effective tool to help you take control of your diet, a cornerstone in the fight against Metabolic Syndrome. It's our way of going above and beyond, showing our commitment to your long-term wellbeing.
2. Bulletproof Financial Resilience: This is where our expertise comes to the fore. Navigating the world of LCIIP and PMI is complex. Policies, definitions, and pricing vary hugely between insurers like Aviva, Legal & General, Vitality, Zurich, and Bupa.
As independent, expert brokers, our role is to:
- Understand You: We take the time to understand your personal circumstances, health, budget, and financial goals.
- Scan the Entire Market: We compare plans and prices from all the UK's leading insurers to find the highest quality cover at the most competitive price.
- Build Your Integrated Strategy: We don't just sell policies; we build a bespoke, integrated strategy where each pillar of protection works in harmony to shield you from every angle.
- Handle the Hassle: We manage the entire application process, ensuring all medical information is disclosed correctly to guarantee your policy pays out when you need it most.
Frequently Asked Questions (FAQ)
Q: Can I get insurance if I already have high blood pressure or another component of Metabolic Syndrome?
A: Possibly, yes. This is where expert advice is non-negotiable. An insurer may offer you cover with a "loading" (an increased premium) or an "exclusion" (the policy won't cover claims related to that specific condition). A specialist broker like WeCovr can navigate the market to find insurers who take a more favourable view of your specific condition, potentially securing you standard terms or a lower loading.
Q: Isn't a full protection strategy incredibly expensive?
A: It's more affordable than you think, and the cost of not having it is infinitely higher. A broker can tailor a strategy to your budget. For example, with Income Protection, you can choose a longer "deferment period" (the time before the policy pays out) to significantly lower the premium. It's about finding the right balance of cover and cost for your needs.
Q: My employer provides death-in-service and sick pay. Do I really need my own policies?
A: Yes, in almost all cases. Employer benefits are a great perk, but they are rarely sufficient. Death-in-service is often just 2-4x your salary, much less than a typical life insurance policy would recommend. Sick pay is short-term. Crucially, these benefits are not portable. If you change jobs, you lose the cover, and you may be older and in poorer health, making new insurance much more expensive.
Q: Why should I use WeCovr instead of going to an insurer directly?
A: Going directly to an insurer gives you one option and one price. As independent brokers, we give you access to the entire market. We provide impartial, expert advice to help you understand what you're buying, ensure the policy is right for you, and often find more comprehensive cover for a better price. Our service is free to you, as we are paid a commission by the insurer you choose.
Your Future is Not Yet Written
The silent metabolic epidemic is a defining health and financial challenge of our time. To ignore it is to gamble with everything you've worked for. A diagnosis of a serious illness is devastating enough without the added terror of a financial freefall.
Waiting until symptoms appear is too late. The time to build your fortress is now, while you are healthy and insurable. An integrated LCIIP and PMI strategy is not a luxury; it is a fundamental necessity for modern financial planning. It is the definitive action you can take to transform anxiety about the future into confidence and security.
Don't wait to become a statistic. Take control of your health and financial destiny today. Contact WeCovr for a free, no-obligation review of your protection needs and let us help you build the shield your family deserves.
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:
Our Group Is Proud To Have Issued 750,000+ Policies!
We've established collaboration agreements with leading insurance groups to create tailored coverage
How It Works
1. Complete a brief form
2. Our experts analyse your information and find you best quotes
3. Enjoy your protection!
Any questions?
Learn more
Who Are WeCovr?
WeCovr is an insurance specialist for people valuing their peace of mind and a great service.👍 WeCovr will help you get your private medical insurance, life insurance, critical illness insurance and others in no time thanks to our wonderful super-friendly experts ready to assist you every step of the way.
Just a quick and simple form and an easy conversation with one of our experts and your valuable insurance policy is in place for that needed peace of mind!