| Most people prefer not to think of death, or suffering
with a disability or illness. Unfortunately during our
lifetimes we will at some point lose a loved one, know
someone who suffers from a serious illness or is disabled
as a result of an accident.
Nothing can make up for any of these, but it’s
not just the basics of every day living such as food,
heating, clothing and the mortgage that need to be paid
for, but also the extras which are often taken for granted.
These may include the annual holiday, or treats for
the children.
In certain circumstances, on the death of a husband
or wife, the state currently provides a bereavement
payment that is just enough to cover the basic funeral
costs. Unmarried partners receive absolutely nothing!
The Widowed Parents Allowance and Bereavement Allowance
provide a modest level of income, but again unmarried
partners get nothing!
You need to ask yourself “Without me can my family
survive?”
Without planning the consequences of any of the above
can be disastrous and in extreme circumstances this
could even result in the loss of the family home. You
may also wish to consider protection for your spouse
and dependants. |
