Home / News and Insights / News / Serious illness insurance cover and implications on assets
John Darnton John Darnton Consultant
13 February 2018

Serious illness insurance cover and implications on assets

A reader of The Observer recently asked what would happen to serious illness compensation if the unmarried couple who bought the insurance split up. As the couple have taken out a mortgage to buy a house as ‘tenants in common,’ the reader queries how the compensation would be divided if they put it towards the mortgage and subsequently parted ways.

John Darnton and Alice Mathams comment that if the payment is used in this way (not all lender policies insist on this) the couple should consider agreeing their respective shares and that if they were married and then divorced, the court will consider each party’s contributions and needs.

The full article is available on The Guardian.

Related Articles

Stay in the know

Sign up to receive our blogs, newsletters and event invitations direct to your inbox

London Office

50 Broadway, London SW1H 0BL
United Kingdom
DX 2317 Victoria

T +44 (0)20 7227 7000
F +44 (0)20 7222 3480

ENQUIRIES@BDB-LAW.CO.UK

Cambridge Office

51 Hills Road, Cambridge CB2 1NT
United Kingdom
DX 5814 Cambridge

T +44 (0)20 7783 3454

ENQUIRIES@BDB-LAW.CO.UK

Follow us

  • Lexcel
  • CYBER ESSENTIALS PLUS

© BDB 2018. 50 Broadway, London, SW1H 0BL - T + 44 (0)20 7227 7000