Holly Hill: Protecting yourself against the impact of divorce

"Post-divorce everyone needs to review their protection needs"

clock • 3 min read

Holly Hill, insurance broker at John Lamb Hill Oldridge, examines the impact of divorce on insurance arrangements and how proper understanding of policies can alleviate client distress.

In 2022, record numbers of people are experiencing divorce and entering the brave new world of single life. On 6 April 2022, the Divorce, Dissolution and Separation Act came into force, allowing couples to legally end their relationship without attributing any blame and hopefully reducing the likelihood of conflict. Nevertheless, divorce proceedings can be expensive, time consuming and throw up some life insurance issues which need to be considered. Joint-life policies for IHT Where a divorcing couple have an existing joint-life policy, unless there is a ‘separation benefit' or ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

The COVER Review: Claims and underwriting, employer NICs and health checks

The COVER Review: Claims and underwriting, employer NICs and health checks

Week commencing 31 March

COVER
clock 04 April 2025 • 1 min read
British Friendly pays out £5 million in 2024

British Friendly pays out £5 million in 2024

86% of all IP claims paid

Jaskeet Briah
clock 03 April 2025 • 2 min read
Claims and underwriting: Securing life cover after breast cancer

Claims and underwriting: Securing life cover after breast cancer

“Don't take the initial decision at face value”

Jaskeet Briah
clock 02 April 2025 • 6 min read