Family Income Benefit can provide a lump sum in the event of your death. It is also a form of life insurance designed to ensure your dependents will be cared for financially if you were to die or diagnosed critically ill. The policy will pay out a predetermined income to your dependents upon the policy holder’s death.
This is a term policy that will pay the benefit until the end of a set period of time.
For example, a claim made 11 years after the commencement of a 25 year plan will pay benefits for the remaining fourteen years.
Family Income Benefit is paid out tax free and is an alternative cost effective approach to level term assurance.
Please do contact us at email@example.com or the number below to arrange a complimentary, no obligation quote.