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Family Income Benefit
Regular tax-free income for your family's future.
Provides regular monthly payments to your family in the event of your death, helping replace lost earnings over an agreed term.
Caveat
Insurance, made simple.
Key Features
Family Income Benefit is designed to protect your family’s financial security when it matters most.
Regular Income Payments
Monthly payments replace lost earnings, helping your family maintain their lifestyle and meet essential expenses.
Tax-Free Benefit
All payments are tax-free, providing genuine financial support without additional tax burden on your family.
Flexible Term Length
Choose a protection period (5-25 years) that suits your family’s needs and financial circumstances.
Protects Your Family's Lifestyle
Ensures your family can maintain their standard of living and meet mortgage, school fees, and day-to-day costs.
Why Family Income Benefit?
Affordable monthly premiums that fit your budget
Flexible terms tailored to your family’s needs
Financial security for your loved ones
Peace of mind knowing your family is protected
Expert guidance from our protection specialists
How Family Income Benefit Works
Choose Your Cover Amount
Decide how much monthly income your family would need. This could be a percentage of your current salary or a fixed amount.
Select Your Term
Pick the period you want protection for (typically 5-25 years). Many people align this with their mortgage term or until children finish education.
Pay Your Premiums
Simple monthly premiums provide coverage. You can increase or decrease protection at certain times if circumstances change.
Your Family is Protected
If you pass away, your family receives regular monthly payments until the end of your chosen term, tax-free.
Family Income Benefit FAQs
What is Family Income Benefit?
Family Income Benefit is a type of life insurance that provides regular monthly payments to your family if you pass away, helping replace lost earnings over an agreed term (typically 5-25 years).
How much does Family Income Benefit cost?
Premiums depend on your age, health, occupation, and the monthly income amount you select. Our protection specialists can provide a personalised quote based on your family’s needs.
Is the income tax-free?
Yes, the regular monthly payments are paid tax-free to your family, providing genuine financial support without additional tax liability.
Can I choose the term length?
Yes, you can select a flexible term length (typically 5-25 years) based on your family’s needs. Many people choose a term that covers until children finish education or mortgages are repaid.
What happens at the end of the term?
Payments stop at the end of your chosen term. The cover provides protection during the years your family depends most on your income.
Can I increase or decrease the benefit?
Some policies offer limited increases, though these may be subject to medical underwriting. Your adviser can discuss your options.
Other Protection Options
Family Income Benefit works well alongside other protection products. Explore our range of insurance solutions to find the perfect combination for your family’s needs.
Protect Your Family's Future
Get expert protection advice tailored to your family’s needs.