“Life insurance” with pensions
Most personal pension plans give you the opportunity to buy this alongside your pension. (Actually this is technically life assurance, but what the hey.).
The amount you’re “assured” for depends on what you’ve agreed.
The assurance policy could be from a different company to your pension provider – and possibly cheaper.
A favourite trick of our dear finance companies is to “bundle” products together and hide the fact that they’re more expensive so it’s worth shopping around.
The amount you’re assured for depends on what you’ve agreed.