Joint life plans cover two (or more) people, usually a husband and wife. Benefits can be paid following the first death, or following the death of both.
This provides cover, in the short term, against the loss of profits a company is likely to suffer following the death of a key employee.
Key Facts Document
Advisers must now provide customers with two ‘keyfacts’ documents, explaining their status, the services they offer and a menu of their charges. This will enable consumers to properly understand the value and cost of the adviser’s proposition, and to shop around for the best type of advice for them. The menu applies solely to investment business. Mortgage and General Insurance advisers do not use Menus
A debt, or amount of money, owed to others.
A company whose shares are quoted on a recognised stock market.