Family Income Benefit

Family income benefit insurance is a policy that will supplement a life insurance policy by paying out a monthly sum to the beneficiary from the time the policyholder dies and the policy’s term ends.  This helps provide a steady and regular income that may come close to – or totally replace – the lost income when the insured died.  The monthly payments will be paid out as a static income or as an inflation-indexed income.  The second option does require higher premium payments.

It is essential for a potential policy holder to determine just how much income will be required to maintain their family, in the unfortunate event of their death.

For more information on family income benefit plans, please contact your PK Group Advisor today.  Or, if you are a new client, please do get in touch today for a no-obligation chat with one of our experienced consultants.