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Unmarried couples in the dark about life insurance benefits.
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- Abstract:
The article reflects the views of professional advisors on how unmarried couples are usually missing on a life insurance payout after not following a basic element of financial planning, such as failing to name their partner as the beneficiary. It mentions that Scottish Widows points out that an unmarried partner may not automatically be entitled to a life insurance pay-out, so failing to discuss finances can jeopardize financial security in the long term.
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