For peace of mind, many people choose a type of life insurance called Family Income Benefit.
Unlike traditional Life Insurance policies that pay out a lump sum, Family Income Benefit provides beneficiaries with a regular, fixed, tax-free income which could be invaluable in raising a family.
Monthly income payments can replace a lost income and help long-term family budgeting.
Pays out a monthly, tax-free income
Very affordable, low premiums
Well suited for young families
Can help with long-term family budgeting
Critical illness cover option