Family Income Benefit
Family Income Benefit provides a regular income to your family after your death.
An income for your family after you’ve gone
Family Income Benefit is a life insurance policy which runs over a set period of time known as the term. Should you die within this period the policy will pay out a regular tax free income until the end of the term. For example if you have a 20 year policy and die within 5 years the policy will pay out the remaining 15 years.
Having a Family Income Benefit policy in place means that your loved ones can be looked after should the worst happen and you pass away. This financial security helps reduce the need to make drastic choices during an already stressful and upsetting situation.