Insurance

At the beginning of the year many people take the opportunity to make changes. Some decide to adopt a healthier lifestyle; losing weight, stopping smoking, or reducing the amount of meat they eat. Others see the start of a new year as the motivation they need to look for a new job, start a new hobby or even move house.

A sad side effect of the Covid-19 pandemic is that the number of couples divorcing has steadily increased over the past 18 months. In the UK alone, one law firm recently reported that it has seen divorce instructions increase by around 30% since the pandemic began, and the UK’s Citizens Advice charity, which provides advice and guidance on a range of personal issues, has also seen a dramatic rise in visits to the divorce section of its website.

Insuring your life is a slightly odd concept as it is one of the few things you pay for that you never actually benefit from! However, knowing your family will benefit financially if you die can be a great comfort to some people, but do you need it?