Family Income Benefit

Family Income Benefit can offer you and your family important financial protection, when they will need it most.

Family Income Benefit provides a tax free cash lump sum payment or you can choose to take a monthly tax free income. It will pay out on death of the policyholder and will provide much needed financial support and assistance at an important time.

Our Family Income Benefit pays out if the policyholder dies during the term of the protection and this is specified at outset of the plan. 

If the premiums are not paid on a monthly basis, the policy will terminate and it has no cash value.  It is a pure protection policy and the premiums payable are to cover the risk of you or the person insured dying during the course of the term.

At Capital  Fortune we will also give you the option to include Waiver of Premium benefit into your protection plan. This means that in the event you’re unable to work due to accident or illness, the premiums on your Family Income Benefit will be maintained in order to ensure the continuity of the plan.

The option of Waiver of Premium benefit provides further protection to the policyholder for a small additional charge.

To discuss Family Income Benefit, or any of our protection insurances, call us today on 0845 3 630 430 or Enquire Online.