Third of grieving families unable to access financial information

29% unaware of where important documents were stored

Jaskeet Briah
clock • 2 min read

Research from MetLife UK has revealed that grieving families in the UK are unaware of where key financial information is stored and how to access this following a bereavement, leaving them in "potential financial risk".

The provider surveyed 2,003 UK consumers who experienced a bereavement in the past 12-24 months. It found that 28% struggled to access important online accounts following the passing of a loved one, while an additional 29% did not know where important documents were stored. A "significant" knowledge gap was identified around the steps that people should take in preparation for a familial loss, MetLife noted. Around 21% of respondents did not know what financial or insurance policies, bank accounts or debts had been left by loved ones, which MetLife said creates a challenge around know...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

James Tait appointed head of Zurich Corporate Risk

James Tait appointed head of Zurich Corporate Risk

Joins January 2026

Cameron Roberts
clock 30 October 2025 • 2 min read
James Tait joins GAIN board

James Tait joins GAIN board

Former UnderwriteMe CEO

Jaskeet Briah
clock 17 October 2025 • 2 min read
Unemployment rates rise in last quarter

Unemployment rates rise in last quarter

Up to 4.8%

Cameron Roberts
clock 14 October 2025 • 2 min read