This little known life assurance product can provide you with an incredible cover to replace lost income should a spouse or partner die. A family income benefit plan will pay a set amount of tax free income on a monthly, quarterly, six monthly or annual basis from the date of death to the end of the plan term. This means that a family can carry on receiving the income lost from the death of a parent or parents. The plan should be used along with lump sum life cover to repay any debts on the estate and to ensure future financial security. There are many Family Income benefit Plans in the market, contact us for help and advice on the most suitable plan for you.
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