Family Income Benefit
Peace of mind for you and your family.
What is Family Income Benefit?
Ensuring your family and children are financially protected should the worst happen.
Family Income Benefit is a form of life insurance that provides your loved ones with a regular income instead of a one-time lump sum. This ongoing financial support can help them maintain their standard of living and cover essential expenses such as mortgage payments, bills, and education costs.
How does it work?
With family income benefit, you can choose how long you want the coverage to last. Many people select a term that aligns with their children’s or dependents’ ages, typically until the youngest reaches 18 or 21 years old. We’re here to help you make the right decision for your family’s future.
If you were to pass away during the policy’s term, your family would receive a consistent income for the rest of that term. For example, if you have a 20-year policy and die after 8 years, your loved ones would continue to receive income for the remaining 12 years.
This kind of insurance provides reassurance, knowing that your family can handle their monthly expenses even when you are no longer there.
Why choose Family Income Benefit?
A steady stream of income for your family, helping them meet their ongoing financial obligations without the stress of managing a lump sum pay-out.
By providing regular income for your loved ones, family income benefit ensures their financial security and helps maintain their standard of living, even when you’re no longer able to provide for them.
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