Life Insurance: Why There's No Need To Be A Desperate Housewife
Contemplating what may happen to your wife (or husband) and
children if you die is not likely to be a thought you wish to
contemplate. However, avoiding the issue may make life more
difficult for your family after your death.
Life insurance looks set to make a comeback in the UK, after a
period of neglect by consumers who were simply occupied with
affording a home. The stabilising of the UK house market has
made many consumers take a broader view to their personal
finances.
LifeSearch (a life insurance broker), in the September issue of
Money Observer, highlighted a few common mistakes people make
when buying life insurance:
* Believing life insurance is relevant to everyone Life
insurance is only relevant to people who have financial
dependents. If you have no financial dependents, it might be
more appropriate to consider income protection or critical
illness insurance.
* Paying too much for life insurance According to Money
Observer, research for Sainsbury