Good morning all. I’m canvassing for opinions as to whether or not I should take out life insurance.
I’m retired with a good occupational pension, I’m married to an older man, who also has a reasonable occupational pension, but not as good as mine. We have no family. We still have a mortgage which will be paid off in about seven years.
Given the 18 year difference in our ages and the fact that women generally live longer than men, even taking my MS into account, unless I come to an untimely end, I will probably outlive him, but you never know do you?
Should I Be the one left behind my pension and PIP will be sufficient to meet the bills and live off, and I would get a portion of his pension as a widow.
However, my husband’s pension might not be sufficient, although he too would get a portion of my pension as a widower.
So, what do you think should I take out life cover for those seven years just to cover the outstanding mortgage so that in the event of my coming to an untimely end he won’t be suffering hardship?