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Family
Income Benefit
Family income benefit offers you and your family financial protection when you
need it most. It will provide a tax free cash lump sum or monthly tax free
income on death, for the equivalent of a few pounds a week. Family income
benefit only pays out if the policyholder dies during the term of the plan which
is specified at outset of the plan. If the policyholder ceases to pay the
premiums, the policy terminates and has no value. You can generally choose to
receive the benefits of the plan in the event of death as a lump sum or a
monthly income or a mixture of the two.
You also have the option to include Waiver of Premium benefit for additional
protection to the policyholder and family.
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R.J.
Nash
Consultancy Ltd
