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My missus' family keep asking me in shocked tones, why I don't have life insurance. I point out that instead I have the money throughout my lifetime, that i haven't handed over to the insurance companies, when I was single with no dependents. By the time the missus was lucky enough to marry me, I had a house with no mortgage ... so if I pop me clogs she gets the lot, the cars, the hifi and everything I'd earned and saved, with no bills or debts. She'll also get a portion of my pension. Lucky girl!

She has life insurance but has specified it all goes to her daughter. I'm fine with that. If I had life insurance too I'm pretty sure she'd have claimed it by now and I'd be under the patio.

In my will, it all goes to my missus, bar some bits of hifi to mates and some family things to nephews and neices etc. I guess I should think about amending it for the event that we both go together in some kind of workshop related fireball.

Life Insurance is the biggest con going.

If you invested the same money for the same amount of time in something as simple as an ISA, you`d have got a better return, with no management fees.

The only one I`d say is worth the money, is critical illness cover ( financially saved a mate of mine who had cancer ). Even then you get what you pay for.
 
The laser said...gist...the will covers the legal requirements but can't go into too much detail and that you're best writing - as long as as detailed as you wish - A Letter of Intention
Which is to give ' the spirit of the law' rather than the will's ' Letter of the Law'

So I got this of Temu

View attachment 295086

Who to contact, addresses phone emails
Pensions insurance usernames passwords etc etc
Everything they need to know
Plus the all ramblings...and while I remember - don't invite that miserable so and so xxxxxxx

Edit. You're gonna die anyway so you might as well have a laugh while you're at it

Great advice this.

Virtually nothing is on paper now,, so unravelling someones online financial affairs can be a nightmare.

When we updated our wills last month, the will writer suggested the same.

The only thing is that I`m a bit uncomfortable with my missus having access to everything ( not that there`s anything to hide ) It`s just that if she knew what I was really worth, she`d have the builders in re modelling the house :lol:
 

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