A family income benefit plan is also a life insurance but it pays an income each month to the family of the insured (upon his death) instead of a lump sum. The income is payable for the remainder of the policy term.
This type of policy is suitable for people with young families to protect them against the loss of income provided by either or both parents.
It is important though to get an advice on which option or plan suits you the most & our team that consists of fully qualified financial advisers can help you decide which route you want to take by giving you an impartial advice on which option fits your needs.
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