Even though they’re both loosely linked, having a will and having a life insurance policy are each separate things to consider, however they certainly both compliment each other.
Since the COVID-19 pandemic, there’s been a steady rise across the market for will writing services and applications for Life Insurance, as we’ve all become more acutely aware of our own mortality and how vulnerable we all are.
It’s a smart move to have both in place.
Writing a will has never been easier, and with plenty of online will writing services on the market, you can have a will written in as little as 15 minutes. It’s also a lot cheaper than you may think, with specialist online services being much cheaper than going through a solicitor.
If you apply, you’ll be asked some basic questions, including whether you have a partner, if you have any children or if you own your home.
There’s a surprisingly high number of people in the UK who are at risk of inheritance complications simply because they don’t have a will in place.
Cavendish Online is proud to have partnered with Farewill, the UK's #1 online will writing service. You can either set up your will online or request a call to go through the process with a friendly Farewill Specialist.
Did you know that non-married partners are normally excluded automatically from inheriting anything in England and Wales if a loved one dies without a will?
When it comes to Life Insurance, if your children, partner or other family members depend on your income to cover their living expenses and the home they live in, you should definitely consider life insurance to help provide for your loved ones in the event of your death. You can’t rely on the state to take care of your family – the money they would get from the government is probably much lower than you’d expect.
Low Cost Life insurance can be good value for money, especially when you consider that it often works out at just a few pence a day and the younger you are when you buy it, the cheaper your monthly premiums will be.