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| Why
use Family Income Benefit Cover Instead of a
Lump Sum? |
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In the event of a life
claim a term insurance policy normally
pays out a lump sum to help the
remaining carer look after the family.
However this lump sum would normally be
invested to provide enough income to
look after the dependents. This is
easier said than done and depends on
investment performance but also the
discipline of the remaining partner.
Family Income Insurance hopes to prevent
this from happening.
A sum of £100,000 or even £200,000 may
sound a lot but after home improvements,
new cars etc the lump sum can soon get
depleted leaving a short fall of income
for the family.
Another option is the Family Income
Benefit Insurance Policy. One would calculate how much
income they would need if either partner
were to die. For example if they needed
£2000 per month the plan would pay this
as tax free cash on the death of
one of the partners. The amount needed
per month and the length of the payment
term is determined at the application
stage.
To work out how long cover you would
need family income benefit insurance for and how much
cover per month, fill in the enquiry
form and receive expert advice from a
fully qualified financial adviser. |
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| Quotes in 3 easy steps: |
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1. You complete the simple form
2. We search the whole of the market
3. You receive quotes |
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- Cover starts from as little as *£5 per month
- Quotes are FREE and without obligation
- We can put policies in trust for
free.
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| We compare the leading insurers including: |
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Useful Articles: |
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| *£5.00 Per month quote
based on 25 Year old female Non Smoker
for £6,144 income per year for 25 years. |
