Life Insurance International - Industry says bereavement allowance changes highlight importance of protection insurance

GRiD view to bereavement allowance changes

Group Risk Development (GRiD), the industry body for the group risk protection sector, said the changes mean many families will be worse off, especially those with children where the current Widowed Parent’s Allowance is paid until such time as Child Benefit stops.

GRiD added that the Ministry of Justice is also abolishing the current fee structure for probate and introducing a new banded structure based on the value of an estate – meaning that many people will be hit by much higher charges than they expect.

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