If you want to provide a regular income for your loved ones, after you’ve gone, Family Income Benefit is a cost effective and prudent way of providing financial support to your dependents.
Family Income Benefit is a life insurance policy which is designed to pay a regular income for your loved ones if you die during the policy term.
The policy will pay out a regular tax free income until the end of the term.
While a lump sum pay out can be overwhelming for some, a regular income can be easily manageable.