Home / Legal principles of life insurance / - Dying Without a Will in England
Where the intestate (person that has died without making a Will) leaves…
A A surviving spouse or registered civil partner but no issue and no parent, brother or sister of the whole blood, or issue thereof.
- Surviving spouse or registered civil partner takes whole estate absolutely.
B surviving spouse or registered civil partner and issue.
- Surviving spouse or registered civil partner takes the personal chattels plus the remainder up to £125,000 (with interest up to payment). The residue (if any) is held –
i) one half on trust for surviving spouse or registered civil partner for life, thereafter to issue on statutory trust;
ii) one half on statutory trusts for issue.
C A surviving spouse or registered civil partner, no issue but one or more of parent, brother or sister of the whole blood or issue thereof.
- Surviving spouse or registered civil partner takes the personal chattels plus the remainder up to £200,000 (with interest up to payment) plus one half of the residue (if any). The other half is taken by the parents, and if more than one in equal shares. If no parent survives it is held on the statutory trusts for brothers and sisters of the whole blood or their issue.
D Issue but no surviving spouse or registered civil partner.
Everything is taken by the issue; but if none
then the grandchildren step into the shoes of their parents; but if none:
Parents; but if none:
Brothers and sisters of the whole blood (issue step into their shoes); but if none:
Brothers and sisters of the half blood (issue step into their shoes); but if none:
Grandparents in equal shares; but if none:
Uncles and aunts of the whole blood (issue step into their shoes); but it none:
Uncles and aunts of the half blood; but if none:
the Crown.
06 November 2007 13:15:22
Critical illness
or life insurance customers concerned about Parkinson's disease may be able to reduce the risk of the condition with painkillers.
Researchers from the UCLA School of Public Health in Los Angeles found that regular users of over-the-counter painkillers such as aspirin and ibuprofen cut their risk of the disease by 60 per cent compared to non-users and non-regular users.
"It's possible their anti-inflammatory agent may contribute to the observed protective effect of the drugs, but the exact mechanism isn't clear and further research is needed," the study's lead researcher, Dr Beate Ritz, wrote in the journal Neurology.
The findings were based on studies of 579 men and women, half of whom had Parkinson's, and their use of non-aspirin non-steroidal anti-inflammatory drugs (NSAIDs).
Participants were considered regular users of aspirin or non-aspirin NSAIDs if they took two or more pills a week for at least one month.
According to the Parkinson's Disease Society, approximately 120,000 individuals in the UK currently have the condition, with a further 10,000 new cases diagnosed every year.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, critical illness and life insurance advice online
02 October 2007 14:35:32
Norwich Union has reported an increase in its critical illness payouts.
The insurance provider attributed the 11 per cent boost to a series of initiatives launched in the last two years.
The initiatives were intended to reduce the number of people who do not disclose existing medical conditions on their protection application forms.
Willie Mowatt, director of risk products for Norwich Union, commented that non-disclosure is a huge concern throughout the insurance industry.
"By taking the time and care that protection applications deserve and providing their insurer with full, accurate medical information, customers can be sure that they have a valid policy which will provide a payment in the event of a legitimate claim," he said.
As well as introducing a telephone line staffed by nurses to help people fill in their claim forms, the firm included leaflets in application packs which outlined the importance of giving insurers full medical details.
The insurer said 86 per cent of all critical illness claims made during the first six months of this year were paid, compared with only 75 per cent in 2005.
Critical illness policies typically pay out to people who develop certain medical conditions and illnesses, such as heart attacks, cancer and multiple sclerosis.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, and critical illnesslife insurance policies online.
14 August 2007 16:48:35
The importance of safeguarding your future with life insurance, income protection and mortgage payment protection cover has been revealed by top life cover provider Scottish Widows.
The firm has revealed that debt held by British retirees totals £57 billion, exemplifying the huge commitment of a mortgage.
Over 20 per cent of retired British homeowners were found to have an unpaid mortgage, owing an average of £38,000, while an eighth of British retirees owe more than £50,000.
Ian Naismith, head of pensions market development at Scottish Widows, commented: "Our research shows that by the time they come to retire, a significant number of pensioners still have a mortgage outstanding on their property, adding financial pressure to their hard-earned retirement fund."
He added: "It is important for those people who will be reaching retirement in the next few years and still have debt outstanding on their mortgage, to consider how best to prepare themselves for the eventuality of having to juggle their debts on a reduced income when they stop working."
Income protection, life insurance and critical illness cover can all help retirees manage their debts.
