Family Income Benefit

Secure your family’s future income

We help ensure your loved ones receive regular payments if the unexpected happens.

  • Support for your family’s ongoing needs
  • Expert advice tailored to your situation
  • Financial reassurance during uncertain times

 

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This cover will pay out if death occurs and 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 15 annual payments made in total. Payments can paid out either monthly or annually.

The payments are not normally subject to income tax but may impact some state benefits.

Financial Security for You and Your Loved Ones.

This cover provides an income if death occurs during the term, giving regular annual or monthly payments to help your family maintain their lifestyle and meet ongoing financial commitments.

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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.

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