Scot Prov notes increase in Family Income Benefit demand

The insurer claimed that, as economic instability remains in the UK this kind of product is becoming ever more popular. It also comes at a cheaper price - Scottish Provident calculates that its family income benefit plan can save customers up to 59% in monthly premium charges. For example, a 39 year old male who is a non smoker, with a mortgage of £150,000 for a 20 year term, would be paying a current monthly premium of £71.86 to receive the benefit as a lump sum in the event of his death or critical illness. Alternatively, if he opted to take out the full income plan for his family t...