In the event of the death of an insured person and the form of family income plans, insurance companies pay a monthly income to the survivors. It is, therefore, essential that applicants carefully choose the level of annual coverage they require and the length of time they want the policy to take effect when setting up their policy. SWG Mortgages specialist advisors compare the coverage of all leading insurance service providers and help you choose the most appropriate option.
Source: https://swgmortgages.co.uk/insurance/client-insurance/family-income-plans/
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