life insurance

Family income benefit

A family income benefit insurance plan is similar to level and decreasing life insurance, except that it will pay out a regular monthly income rather than a lump sum. It is designed to cover those whose who may suffer financially if the main earner dies.

The amount of income and term required are selected at the outset. Typically a plan is set up to run until your youngest child reaches 18, 21 or even 25. In the event of a claim, a tax-free income will be paid for the remainder of the plan.

Family Income Benefit is a low cost, tax efficient solution to Family Protection.

To give you financial peace of mind when you need it most, please click here for a personal quotation.


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