Family Income Benefit Insurance

These are excellent policies for those people who have young families and are concerned about protecting the welfare of their children as they grow up.

These plans pay a regular and fixed monthly or annual income in the event of death for the remainder of the policy term.

Some people choose to run a Family Income Benefit policy alongside a Critical Illness policy. This way the family is also covered if the policyholder is diagnosed with a serious illness.

Family Income Benefit plans are also used in working out divorce settlements. The childrena re effectively safeguarded should the parent that is making maintenance payments die.

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