Contemplating what may happen to your wife (or husband) and children if you die is not likely to be a thought you wish to contemplate. However, avoiding the issue may make life more difficult for your family after your death.Life insurance looks set to make a comeback in the UK, after a period of neglect by consumers who were simply occupied with affording a home. The stabilising of the UK house market has made many consumers take a broader view to their personal finances.

Search (a life insurance broker), in the September issue of Money Observer, highlighted a few common mistakes people make when buying life insurance:* Believing life insurance is relevant to everyoneLife insurance is only relevant to people who have financial dependents.

Paying too much for life insuranceAccording to Money Observer, research for Sainsbury’s Bank Life Insurance revealed that many people take life insurance policies from their mortgage providers and as a result could be paying too much.* Opting to buy joint life insurance policies instead of single life insurance policiesThe advice to married couples is to avoid taking out joint life insurance policies which pay out when the first spouse dies over the term of the policy, but not on the second.

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