Family Income benefit
To Understand Family Income benefit insurance you first have to
understand why we need it.
As said in
previous paragraphs within this site people take out life
insurance cover to protect their families standard of living in
the event they die.
Income benefit plans do that they just do it far more
that is the case is the way the benefit is paid. Unlike normal
life insurance cover family income benefit plans actually pay
out a monthly benefit, this would normally coincide with the
life or lives assureds pre death income level.
this type of benefit is very effective life assurance cover for
families over and above mortgages or other fixed liabilities. It
takes away, the often confusing and distressing need, for the
beneficiaries to invest money just ensure that there is
sufficient returns to maintain the income level way beyond the
death of the lives life or lives assured.
working out how much benefit you should have look closely at the
level of income you have now and the level of income you think
your family might need in the event that you die, consider how
long they might need that income. If there are children involved
take into account the costs of childcare and a housekeeper if
necessary but above all make sure that it is enough.
with this and any of the other life assurance choices open to
you please call on 0800 08 33277 or click on the contact section
on the left of this page and one of our qualified independent
financial advisors will be pleased to talk you through it.
Alternatively use the quote me button to run through some quotes
yourself free and online now.