Many still confused about the financial risks they are running
Around one in five (19% or 627,000) people think they are entitled to bereavement benefit or allowances if their partner dies, despite the fact upcoming legislation means that this does not apply to cohabitees.
Nearly two million UK cohabitees (51%) say government policies are weighted in favour of married couples, but many are still confused about the financial risks they are running, Aviva’s Family Finances research shows.
Measures such as the Marriage Allowance and Inheritance and Capital Gains tax breaks are perceived by 1.7 million cohabitees to leave them on an unequal footing – with only 12% disagreeing with the view that policy favours those who marry.
The number of cohabitees has soared to 3.3 million, more than doubling since 1996 and accounting for 17% of all families compared to 9% twenty years ago. In contrast, while married couples still represent the largest family group (12.6 million), their share has dropped from 76% in 1996 to 67% today.
Excerpt from Health Insurance Daily, to read the full article visit their website here
Death and bereavement are an inevitable part of our lives and yet they are rarely talked about. The unpredictability of life means we can never be sure how soon or how often we will face the challenge of this major life event. The death of someone close to us is probably the most severe loss we ever have to cope with and can affect us in many very different ways.
How will bereavement affect me?
Reactions to loss vary enormously and there is no right or wrong way to respond. However most people report a similar range of reactions and it can be important to know that these are normal and not a sign of illness.
As well as the emotional pain of the loss, we may also experience practical and financial consequences as a result of the bereavement. These can include accommodation issues, childcare and support difficulties, financial pressures and legal issues connected with settling the estate of someone who has died.
What can I do?
How an individual responds after the loss of a loved one is very personal. Some of us will find crying can give relief or being with family or friends can help us feel supported. At other times, we may have a desire to be on our own. It is important to remember there is no right or wrong in bereavement and giving ourselves permission to feel the way we do rather than the way we think we should feel is important.
Health Assured has the experience and expertise to help support individuals and organisations who are working with bereavement issues. For more information just get in touch.