More than half of couples over the age of 40 are at risk of leaving one partner penniless in retirement in the event that the other one dies because they have failed to sort their financial affairs.
Some 53% of couples surveyed by Prudential said they had not made pension, will, or life insurance arrangements to ensure one of them will still get a retirement income after the other dies, the Daily Mail reports. Women are particularly at risk, as one in five admitted they will be solely reliant on their partner's income in retirement, meaning they could be left with nothing unless they take steps to ensure they're taken care of should their husband die. Vince Smith-Hughes, retirement expert at Prudential, said: 'For couples looking to enjoy a comfortable retirement, organising and ...
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