Divorcees warned to review finances

Around 11% of divorcees haven’t remove their ex-partner from their Will, risking their estate going to their ex instead of their intended beneficiaries, according to Legal & General (L&G) research.

L&G also says a tenth of divorcees have not updated who should receive their life insurance payout. Meanwhile, only a small number take out new cover after divorce, with 4% buying critical illness insurance and 3% income protection.

It’s very important for anyone going through a separation to be fully aware of the financial implications of divorce and to ensure they review other important elements, like their Wills and financial products like protection insurance. Come and talk to us for a review.

As with all insurance policies, conditions and exclusions will apply

9 May, 2025

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