– Affordable cover to pay family bills –
As an alternative to life assurance which provides a lump sum benefit, family income benefit aims to pay lost income to your family if you were to die.
LIVING COSTS
Providing a manageable legacy to ease financial pressures of day to day living such as childcare or utility bills, school fees, car running costs etc.
INDEX LINKING
When choosing the level of cover you would like, consider inde-linking so that the value of yoru benefit is not eroded in the future.
COVER COST
The cost of cover can be determined by your age, the length of the term, the amount of income and if you have any pre-existing medical conditions. You can also consider adding cover for critical illnesses.
EMPLOYMENT NOT REQUIRED
You may wish to cover for a partner that doesn’t work if they look after children. If something happened to them its likely the surviving individual would need to adjust their working which may affect income.