Do you have life insurance?

MSE_Scarlet

Poll started 29 October 2024

Life insurance is designed to provide financial support for your loved ones when you die. This week, we'd like to know if you have life insurance. If not, what's your reason?

Click here to vote in the poll

Did you vote? Are you surprised at the results so far? Have your say below.
If you haven't already, join the forum to reply.
Thanks!

vacheron

Does this include life insurance provided by employers (e.g. Death in service) or just personally purchased policies?

FlorayG

Broken link, can't view poll results

Torry_Quine

It doesn't include widowed again 

VincentVega

I used to work for a company offering this sort of cover, and it was always drummed into us that it it's "life assurance", not "life insurance".

Insurance = for something that MIGHT happen, like a car accident.
Assurance = for something that WILL happen, like death.

LameWolf

Torry_Quine said:

It doesn't include widowed again 

Exactly what I was going to say. Come on, MSE, us widows need to be able to take part too, you know!

comeandgo

VincentVega said:

I used to work for a company offering this sort of cover, and it was always drummed into us that it it's "life assurance", not "life insurance".

Insurance = for something that MIGHT happen, like a car accident.
Assurance = for something that WILL happen, like death.

Yup, my understanding too.

ruth56_2

Voted in the poll but results seem a bit odd. Was no mention of "having a will" in the poll but that is shown above types of life insurance voters have had. No results for WHY voters do not have insurance....and age ranges not mentioned. Or am I getting the result of something else? Plus, it is possible to keep on voting after submission ...not usually the case?

ChadValley

If the death of your spouse has little or no financial impact on your finances you shouldn't waste money insuring them, and if you are saving money in the pension wrapper, this is treated as life insurance until you buy an annuity, don't waste money paying for something you don't need or already have. 

Pollycat

ChadValley said:

If the death of your spouse has little or no financial impact on your finances you shouldn't waste money insuring them, and if you are saving money in the pension wrapper, this is treated as life insurance until you buy an annuity, don't waste money paying for something you don't need or already have. 

You've responded to a thread that's almost a year old.