Family Income Benefits
Family Income Benefit Insurance will pay out if life policy holder dies or diagnosed with a terminal illness. The policy provides an income per year for the term remaining on the policy. For example, for a 20 year term, where the claim occurred after five years, there would be monthly payments for the next 15 years.
The payments are not normally subject to income tax but may impact some state benefits.
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.
TO ARRANGE A FREE NO OBLIGATION INITIAL MEETING. SIMPLY CONTACT US BY USING THE FORM ON THIS PAGE.
