We all have our ideas about being fit? For some people it means never missing their early morning walk. Others might go for a run, cycle or eat healthy. Fitness is very personal. You don’t need to be able to run a marathon to be fit. It’s about what your personal goals and desires are.
Just like physical fitness, being fit financially has many areas. The good news is that just like getting into shape you can assess your financial fitness and take actions to improve it. And if you keep your goals in mind as you earn and spend your money, you can achieve a high degree of financial health over the long run. So the question is, how fit are your finances? And how can you measure it?
But what do you do if you split up with your partner?
Life insurance can give you the precious peace of mind of knowing that any dependents will be financially secure in the event of your death. But if you are in a couple or partnership, should you opt for a ‘single’ or ‘joint’ policy?
If you are in a relationship it might seem obvious to take out a joint policy, but this is not necessarily the best option. See below for the pros and cons of single and joint policies.
7 Common misconceptions you may have around Income Protection
It’s a frequent misunderstanding that employers don’t think Income Protection is important. They do, they just don’t know enough about it, it is the one protection policy every working adult in the UK should consider.
Your will tells everyone what should happen to your money, possessions and property after you die (all these things together are called your ‘estate’). If you don’t leave a will, the law decides how your estate is passed on – and this may not be in line with your wishes.