Family Income Benefit
The Family Income Benefit or FIB is a solution designed to support a family or loved ones for their ongoing maintenance needs if the insured were to pass away by creating a regular tax free monthly income for their family or loved ones. Usually paid monthly from the time of the event for the remainder of the protected or insured time.
Not only more cost effective than a block or lump sum of life insurance it protects the exact financial monthly needs for the family and loved ones.
Family Income Benefit can be configured to support families in the event of a critical illness or passing away, to pay a regular amount of monies to support the family.
Like all life insurance polices we can look at protecting the family and investment versus inflation so the protection, if required, rises with the cost of living. This means the family always insures a relevant sum of money versus their needs and does not need to re-apply and top up the protection. Making this solution ideal to cover the running cost of home for example over and above the cost of the Mortgage.
For some free advice so we can confidently explore which providers are best suited to your family’s ongoing needs, please click below.
Not only more cost effective than a block or lump sum of life insurance it protects the exact financial monthly needs for the family and loved ones.
Family Income Benefit can be configured to support families in the event of a critical illness or passing away, to pay a regular amount of monies to support the family.
Like all life insurance polices we can look at protecting the family and investment versus inflation so the protection, if required, rises with the cost of living. This means the family always insures a relevant sum of money versus their needs and does not need to re-apply and top up the protection. Making this solution ideal to cover the running cost of home for example over and above the cost of the Mortgage.
For some free advice so we can confidently explore which providers are best suited to your family’s ongoing needs, please click below.
