Knowing you can still afford the mortgage, bills and the cost of bringing up children is a welcome relief when you’re going through a bereavement.
Family income benefit insurance is a way of providing a regular income for loved ones if you die.
Ask an Assured Life Adviser about Family Income Benefit insurance today.
Family income benefit is a type of life insurance that pays your dependants a tax-free monthly income for the term of the policy.
Whereas a life insurance policy pays out a lump sum when you die, family income benefit insurance pays a regular income to the people who depend on you financially.
You decide the length of time you want the insurance to cover. If you die during the term of the policy, your family receive a monthly income until the policy ends.
You can choose a term that lasts 3 years or longer. Some people choose a policy to cover until their children leave home and are able to support themselves financially.
Young families with children would suffer severe financial hardship if the means to pay for everything stopped.
A bereavement is no time for a family to face stress and worry about money. Family income benefit will support your family when they need it most.
An Assured Life adviser will help you work out which is the most suitable insurance policy for you. To keep the premium affordable, we’ll help you work out how much income you would need for day-to-day essentials.
Would you like to protect your loved ones financially if you suffer a serious illness? We’ll help arrange a critical illness policy at the same time.
Each insurance company will have its own claims processes, which will be clearly signposted throughout your policy documentation. Assured Life Advisers will happily help you if we are able to do so, should you require assistance at all.
Call Assured Life Advisers today and make an appointment to discuss your family income benefit needs.