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Is there any point in having life insurance?

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dunstonh Posts: 119,229 Forumite

6 May at 12:55PM

I’m organising a prepaid funeral plan.
Why would you do that? That seems unnecessary based on what you have said.

BTW, your thread title is a bit click bait. You may wish to edit it to reflect your question.

I’ve thought about critical illness cover but my job does 6 months sick leave on full pay plus 6 on half pay, and there are options for retirement on ill-health.
CIC is not income protection. PHI is probably your main financial need. Don't assume that early ill-health retirement is easy to get.

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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Is there any point in having life insurance?

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