Pensions & insurance

You will need to review the terms of any pensions or life insurance policies held by the deceased person.

Review pensions

If the deceased person had an occupational or personal pension you need to review the terms to see if there are ongoing benefits, such as an annuity, due to a surviving partner.

The terms for each pension are different so you will need to examine the arrangements carefully.

Pension tracing service

If you think that the deceased person had a personal or occupational pension which is missing or ‘frozen’ you should check with the Pension Tracing Service.

Review life insurance policies

You will also need to review any life insurance policies held by the deceased to assess the benefits payable on death.

If the life policy was written in trust for a beneficiary then the payment due under the policy then the payment should be made automatically once you have informed the insurance provider of the death. You will, of course, need to ensure to that this happens.

Please Note

Please note that information which we provide through Lasting Post is in outline for information or educational purposes only. The information is not a substitute for the professional judgment of a solicitor, accountant or other professional adviser. We cannot guarantee that information provided by Lasting Post will meet your individual needs, as this will very much depend on your individual circumstances. You should therefore use the information only as a starting point for your enquiries.