| Policies
that cover just one person are referred to as 'Single Life Policies';
those that cover two people are called 'Joint Life Policies'.
There are two different types of 'Joint Life Policies'. Policies
that immediately pay income if EITHER of you were to die during
the policies term, are called 'Joint Life First Death Policies'.
Alternatively, you can have a policy which pays income only if
BOTH of you were to die during the policy's term. These are called
'Joint Life Second Death Policies' and are traditionally a lot cheaper
than First Death policies.
Both people named on the policy must have died whilst the policy
is in force for the sum insured to be paid out, they need not die
at the same time though.
Mortgages
Personal Loans
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