Unmarried couples at risk of missing life insurance pay outs

Advisers reminded they have 'a crucial role to play' to address the issue

John Brazier
clock • 1 min read

Around one in two unmarried couples are at risk of losing out on life insurance policy pay outs as they have not made the proper arrangements, according to new research from Scottish Widows.

While 43% of 2,000 British adults surveyed who are in a relationship but not married said their partner has made no plans to ensure they are legally entitled to their life insurance pay-out, 48% said they were unaware if their partner had a life insurance policy. Of the 52% that are aware of their spouse's life cover, around one quarter (27%) said they did not know the valuation of the policy. Meanwhile, around one third (34%) of respondents stated they rarely discuss long-term financial planning with their partner as it is deemed "unnecessary, awkward, or simply too difficult," incre...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Budget 26: The protection and health impact

Budget 26: The protection and health impact

Protection industry reflects on missed opportunities

Cameron Roberts
clock 30 October 2026 • 5 min read
Is failing to protect a client's income an oversight or neglect?

Is failing to protect a client's income an oversight or neglect?

What happens to your financial plan if your ability to earn reduces or stops?

Kevin Carr
clock 29 October 2026 • 3 min read
Why the protection gap is a problem of reach

Why the protection gap is a problem of reach

'Most people I meet have never had protection properly explained to them'

Cherian Skariah
clock 16 October 2026 • 4 min read