UK Insurance and Protection
Only 38% of Britons hold life insurance, just 1 in 11 have income protection, and a mere 15% have critical illness cover – despite projections suggesting around one in three UK adults will face a serious health crisis such as cancer, heart attack, or stroke during their working life. Protecting your home and your family’s financial security matters genuinely alongside your mortgage itself, and we help UK-based clients arrange the right cover for their specific circumstances.
Home Insurance
Our Home Insurance page covers buildings and contents cover for your property – a genuine requirement for most mortgaged properties, and worth reviewing properly rather than simply renewing whatever policy came with your original purchase.
Life Insurance
Our Life Insurance page covers financial security for your family if the worst happens, paying a tax-free lump sum to clear your mortgage, replace lost income, or cover ongoing family costs like childcare and education. It’s worth knowing that around a fifth of life insurance policies now include critical illness cover as standard, up 11% since 2020 – worth checking whether combining the two genuinely suits your circumstances better than holding them separately.
Critical Illness Cover
Our Critical Illness Cover page covers a lump sum paid on diagnosis of a specified serious illness – genuinely distinct from life insurance, since it pays out while you’re still alive, at exactly the point your family needs financial flexibility most. Despite this, industry research suggests widespread awareness gaps remain a genuine barrier, with around seven in ten consumers reporting they’ve seen or heard nothing about critical illness cover in the past year.
Income Protection Insurance
Our Income Protection Insurance page covers a regular monthly income if you’re unable to work through illness or injury – genuinely the least-held of the three core protection products, despite arguably being the most broadly applicable, since it covers any illness or injury preventing you from working, not just a specified list of serious conditions.
Why These Products Genuinely Work Better Together Than Alone
It’s worth understanding that life insurance, critical illness cover, and income protection each solve a genuinely different problem, rather than being three competing options to choose between. Life insurance protects your family if you die; critical illness cover gives you a lump sum while you’re alive but seriously unwell; income protection replaces your earnings for any illness or injury, however long it lasts. Many people assume they need to pick one – in practice, a genuinely complete protection plan often combines two or three of these, layered to cover different scenarios rather than duplicating the same risk.
Why This Matters Alongside Your Mortgage Specifically
If you’re taking out or already hold a mortgage, it’s worth thinking about protection at the same time, not as an afterthought. A mortgage is typically the largest financial commitment most people take on, and the gap between having appropriate cover and not having it can be the difference between your family keeping the family home during a genuinely difficult period, or facing the added stress of financial hardship on top of everything else.
Based Overseas Rather Than in the UK?
Our Expat Life Insurance hub covers the equivalent range of protection products specifically structured for clients living overseas, including genuinely important considerations around policy portability and claims from abroad that don’t apply to UK-based cover.
Frequently Asked Questions
Do I need life insurance, critical illness cover, or income protection?
They solve genuinely different problems rather than competing with each other – many people benefit from combining two or three, rather than choosing just one.
Is critical illness cover the same as life insurance?
No – life insurance pays out on death; critical illness cover pays a lump sum while you’re still alive, upon diagnosis of a specified serious condition.
Why is income protection worth considering even though so few people hold it?
It covers any illness or injury preventing you from working, not just a specified list of conditions, making it genuinely broader in scope than critical illness cover.
Should I review my home insurance when I take out a new mortgage?
Yes – it’s worth reviewing properly rather than automatically renewing an existing policy, since your circumstances and the property itself may have changed.
Can I combine life insurance and critical illness cover into one policy?
Often yes – combined policies are increasingly common and can be more cost-effective than holding two entirely separate policies.
Get in touch with details of your circumstances, and we’ll help you find the right cover from the full range covered above.
