Family Protection

Protecting your family is something we all strive to do, even when we aren’t around to do it ourselves anymore. Life insurance and Family Income Benefit insurance can help you make sure that if you pass away, your family and loved ones won’t have to worry about more than they need to. If you pass away during the policy term, you can feel confident that your family will still receive regular payments and be able to support themselves in the long-term. As well as keeping your loved ones afloat during a difficult time, a Family Income insurance policy can help them put money away on a regular basis and provides the stability they’ll need if the worst comes to pass.

In lots of ways, a Life insurance policy and Family income benefit insurance policy are very similar – they help to financially protect your beneficiaries in case of your death. The main difference between Family income benefit insurance and a regular life insurance policy is how your payout is divided up. If you pass away over the term of a life insurance policy, your family will receive a lump sum soon after, while a family income benefit is usually set up to replace the cost of your monthly income for your family until the policy ends.