A Family income benefit policy will allow your family and loved ones to continue to live as they would have done before knowing that they have a guaranteed to a certain point. Generally, family income benefit policy is for families with dependent children to provide a cheaper alternative family life insurance. Mainly this policy works as same way as any other life insurance product as it pays a tax-free payment on demise.
A Family income benefit is not a saving account its a protection for financial impact.If you dont demise with in the term or if you demise after the policy there will not be any payout.
A Family income benefit is not a saving account its a protection for financial impact.If you dont demise with in the term or if you demise after the policy there will not be any payout.