You are here: Home - Insurance - News -

Get a life (insurance policy) – before it’s too late (1)

0
Written by:
07/09/2007

I know I’m getting off on the wrong foot here but there’s no getting around it – life insurance should really be called death insurance.

There, I’ve said it: the dreaded D word that few in our cosseted, comfortable, complacent culture can bear to contemplate. We’re quite disposed to talk plausibly about winning the Lottery, for example, a one in fourteen million chance; but not about dying, which is a cert that absolutely no one can avoid. I’m sorry but you, me and everyone else you’ve ever met are going to have to shuffle off the mortal coil at some point in the not too distant future, so let’s get real about it.

Not that many people want to though. Even the pension providers market their products as post-work pocket money that will go on forever as you undertake golden Caribbean cruises and ‘discovery holidays’ to old Cornish mining villages, preserved in a benign time warp that just adds a few laughter lines and grey wisps here and there as the years slip painlessly (and endlessly) on. An annuity is an eternity in this never-never land.

But not only is life not like that – it’s a good deal harder than that as well. Death doesn’t only take silvery octogenerians who have lived life to the full and who slip painlessly to the other side surrounded by their adoring families wondering who’s been left the Val Doonican albums. It is quite as likely to claim younger, hard working, well paid people whose departure will cause much grief – financial and otherwise – to those left behind.

This is where life insurance (let’s agree not to call it death insurance) comes in and what we shall be looking at in the next section. In the meantime, why not go and get yourself a UK life insurance quote? Because you won’t live forever, you know.

For more information on life insurance, go to the Association of British Insurers (ABI) on www.abi.org.uk

Related Posts

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
ED’S NIB

SO UK AND European interest rates have been kept on hold again - not surprising given the current jitters in the stock exchanges...

Close