Family Income Life Insurance.
Plan4future.co.uk believe that when comparing family income life insurance policies it should be more than just filling out a form.
We specialise in life insurance and will always ensure you get a policy which suits your needs. For great deals and the latest information just fill in our online calculator and let our life insurance advisors find you a great policy tailored for your needs.
We will guarantee that you will get the best family income benefit insurance policy and ensure that the family income benefit policy you choose is right for you. We will explain the various differences in the cover offered from each insurer in order to enable you to reach an informed decision. In addition, we will set out the benefits of writing your family protection policy in trust and try our best to save you money on any existing protection insurance you make already have.
We will make sure your enquiry is directed to the most suitable insurer after giving information about your occupation, lifestyle and health, factors which can potentially affect the price of the policy.
Family Income Benefit
This is a form of term life insurance. Family income benefit provides regular income to your dependants which differs from a term insurance policy which just pays out a one-off lump sum upon the death of the insured.
The benefit can be determined at the inception of the policy at a level you feel is realistic to protect your family should you die and your monthly income stops. The income your family will receive is tax free and it can be set to increase in-line with inflation to protect its value in real terms.
Family Income Benefit and Critical Illness Cover
Various policy providers also provide critical illness cover alongside family income benefit which has the added benefit of covering your family and also covering you if you were to have the misfortune of having a major illness. Family income benefit with critical illness cover pays out a regular income on diagnosis of a qualifying critical illness during the term of the policy or upon your death. The critical illnesses covered varies between providers so it is vital to read the small print of any life insurance policy to clarify the illnesses covered.