Two single life policies can be beneficial if a marriage breaks down
Mon, 14 Feb 2011
Confused.com is advising couples to think about their life insurance protection as well as their regular finances such as current accounts and savings accounts, to ensure that they are financially protected.

Around 69 per cent of those in a relationship, or who are married don't have any life insurance cover . Matthew Lloyd, head of life insurance at Confused.com, said: "Whether coming to the end of a relationship or entering into a new one it's vital that couples talk about life insurance protection as well as how to manage day to day banking and finances. In addition to ensuring they have protection, it's important to consider whether to opt for two single policies or one joint policy."

According to Mr Lloyd, two single policies can be beneficial in the event of a divorce. Unlike a joint life insurance plan, two single plans are already separate which means that a plan wouldn't have to be cancelled if a marriage broke down and a person no longer in a couple wouldn't have to take out a new plan, which could be a problem, especially if they were older or had suffered health problems.
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