If my husband doesn't die in the next four years, I will be destitute.

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Go away carlos and stop advertising.

It sounds as if you have term insurance as do I, taken out originally to cover the mortgage if I popped my clogs early. I paid the mortgage off early and kept the life insurance going as it's relatively cheap and I can afford it. My term ends when I'm 67 after that I'll have no cover, if I go prior to that so within the next couple of years my kids will get 250k plus the house, after that it'll be just the house which is a lot more than I ever got when my parents died. I'm ok financially have 2 private pensions and will get my state pension at 66 and manage to save quite well currently so have no need for a funeral plan and wouldn't have one on principle. If I'm ok now things will improve once I get my state pension. So thanks Dad for drilling it in my head to never put myself in a situation where I was financially reliant on anybody else, You taught me well.

You are quite correct FlexibleFriend it's a 25 year fixed term insurance.

I have been unwell for a few days so unable to keep up to date on this thread.

However, in answer to Bobdoesit “Chucky how could you possibly think I want him to die?”
Just quoting you from your original post.......
“It’s awful to hope he dies in the next four years”

OmaforMaya The meaning of 'life' in Life Assurance means on a life, not necessarily for a lifetime.

So when our DC were at private school, we both had assurances in our lives for the duration of time we would be paying school fees so that if either of us died the children's school fees could still be paid. Most people have assurance on their lives for the duration of mortgage, again, so that if they die the mortgage will be paid off and the family will be able to stay in their existing home.

I think most life assurances are just such 'term' insurances.
I can only assume that when bobdoesit's DH took out this assurance, he assumed he would be dead by the time he was 80, or possibly that the premiums would be too high to take it to an older age. To make it a true life policy would mean effectively taking out a savings product backed up by assurance that would pay in the balance of premiums, if this gentleman died before he was 80. He possibly could not afford that.

Either way, assuming that he took proper advice before going down this road, I can only say that he was badly advised.