How much does it cost to provide for your family every month?
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.
What is family income benefit insurance?
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.
How long do I need the insurance for?
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.
Why do I need family income benefit insurance?
Young families with children would suffer severe financial hardship if the means to pay for everything stopped.
How would your family pay all the bills if you passed away?
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.
How do I choose the most suitable policy?
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.
How do I make a claim?
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.