Family Income Benefit

Family income benefit type of term life insurance, gives your loved ones a regular income rather than a  lump sum. But the income is only paid for until the term of the policy, so the nearer the end of the policy you die, the fewer years it pays out for.

For example: Plan Term – 20 years. Time claim made – after 15 years. Benefits paid – for the remaining 5 years. As you can imagine this is a less expensive form of life insurance.

Family income benefit is a more ‘straight forward’ policy where your beneficiaries won’t have to make difficult decisions on how to generate an income from a cash lump sum. The income is also increased in line with inflation.

Additional benefits such as critical illness benefit and waiver of premium benefit can be added to the plan as required.

Just fill out our quick inquiry form to get  family income benefit cover quotes from major insurance companies such Aviva, Bupa, Legal & General, Bright Grey, Scottish Widows, Zurich, Axa among many others.