in our on-going saga of adjusting to the UK, one of the things we've noticed is that despite the overwhelming and draconian presence of the insurance industry in the US, it is only here in the UK that insurance is something you buy casually, say at the pub. one can buy insurance to 'cover' you (cover is the key verb-noun used here) in the event of your groom leaving you at the altar. it's called 'wedding cover' (for as little as £56!) of course travel cover is normal, which makes sense given that the NHS doesn't really extend beyond the borders of the UK, with only a few tentacles to cover you in the EU. but this gets to ridiculous levels fairly quickly. one can buy auto cover, and then add on 'legal cover' to your auto cover. this insurance covers you in case of an accident that is not your fault and involves hiring a solicitor. the guardian deems this a bit over the top.
I've always been mystified by life insurance policies. I get that when you die there are expenses, and certainly if you have dependents there's a need to provide for them. but if both adult partners work, and there are no dependents--shouldn't you be exploring other investment/savings/tax-hidden/estate-tax-protected options besides tossing £10/month at a life assurance policy that only pays out if you die before the end of its term? yes, it would be hard and not fun to have to sell the house and move into another, smaller one in order to make ends meet. but if it's the choice between that hassle and literally throwing money at a fatcat insurance industry that tries to scare me into things? hm. if anyone has thoughts in support of life insurance for a pair like Sam and I, let me know. happy to hear the arguments.
but I have to say, the shoe box is lookin' pretty good right about now.