Life Assurance

BengalTilly

Hi,

I've just been prompted to come on here after reading an article about pensions and as daft as it sounds something clicked in my head that I ought to act my age and start considering my future!!

So I'm a 34 married man who works for the NHS. My husband (37) formally worked for the NHS before the service was took over by Care UK - so we pay into NHS or NHS-like pensions. We are currently officially "private renting" however it is in the granny annexe of my in-laws at a much reduced rent to try and allow us to 1) save for a house deposit and 2) clear debts (credit cards etc).

However I've never given life assurance and personal pensions much thought until about 10 minutes ago ... with the way the future is looking with pensions etc. should we be taking out private pensions and life assurance for our futures (we do not intend to have children). If - as I'm expecting - the answer is yes - where do I start?

Any advice appreciated!

Weighty1

You normally take out life insurance if there's someone who you wish to provide with financial security if you die. If you or your husband were to die how difficult would life be with just the one income? If it would be tough then life insurance would be a good idea. Similar question, how difficult would life also be if one of you were long term ill (think 2yrs+). Again, if it would be tough then income protection should also probably be considered.

Ask any of your friends/family if they have any independent financial advisers who they could recommend? If not, there's hundreds of independent advisory firms online. Some specialising just in protection, other protection & mortgages, other the full suite of financial products.