Many divorcees fail to update life insurance and wills, leaving ex-spouses as beneficiaries, L&G study reveals.

Ten percent of divorcees have failed to remove their ex-spouse as a life insurance beneficiary, according to L&G research. Only 7% discuss life insurance during divorce, and 27% cancel joint policies. Additionally, 11% neglect to update their wills, potentially leaving ex-partners as beneficiaries. L&G stresses the importance of updating financial information post-divorce to avoid future complications.