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By effecting a family income benefit policy the
recipient of the maintenance payments is protected should the insured
die before the children become financially independent.
It is
important to note that it is sometimes only slightly more expensive to
own individual plans rather than a joint life policy and is therefore
much better value for money as potentially two separate policies can
offer double the payout should both parties die during the policy term.
The
premiums can be either fixed and guaranteed from outset throughout the
life of the policy or reviewable, you choose which you prefer.
Family
Income Benefit - how it works
If you
choose a Family Income Benefit Life Insurance policy your dependants
will receive an annual income from the time you die to the end of the
policy term. The income is tax free and the money from your life
insurance payout can be used for whatever purpose your dependants
require. Premiums can be paid monthly or annually by direct debit
from your bank account.
Why buy
life insurance?
When
someone dies they leave behind them not only a grieving family but a
dependant family. Just because a person dies it does not mean
everything else stops at the same time. It is devastating enough
for the family to lose a loved one but then to have to suffer the
indignity of not being able to pay the mortgage or feed and clothe the
family properly is beyond comprehension.
How much
life insurance cover should I have?
Click here for some
guidelines.
Consult a
financial adviser if you are not confident about your calculation or
decision.
How much
does Family Income Benefit cost?
The
premium will depend on a number of factors, including how much cover you
need and the term of the policy, your age, sex and your health.
Get an
instant quote now and get an idea of
your premium, you will probably be surprised how little it costs.
Why buy
through Moneyworld?
A very
simple answer! You get the same high quality product from the UK's
leading Insurance Companies for less than any other supplier.
Please discover this for yourself, get as many quotes as you like then
return to us and save yourself some money.
Need help?
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Telephone us
FREE OF CHARGE on 0808 118 1400
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Get an
instant Life Insurance quote now.
Click here for an instant, free, no
obligation quotation. |
