Bonds

[taichiperson]

I hope someone can help me with the above as I have no idea how bonds work. My parents have a bond which matures next July. They are both named on it, but my father is very ill and it is a possiblity that he wont be around when it matures. Will the full amount of the bond be payable to my mother? We live in the UK. They are not premium bonds, they were issued by Scottish Widows.
TIA

[Ethel]

Yes. They don't own half each. Together they own the whole, so should your father die, your mother will still own the whole.

If it puts your mind at rest, contact Scottish Widows by phone and as a general question. They won't answer questions specifically relating to your parents' bond, but it is a general question and will be answered satisfactorily.