Family Income benefit

When it comes to protecting your family's financial future, it's essential to consider all of your options. One type of life insurance policy that may be suitable for your needs is family income benefit. This policy pays out a tax-free monthly or yearly income to your loved ones if you were to pass away during the term of the policy.

The key benefit of family income benefit is that it provides your family with a regular income stream that can help cover their living expenses and maintain their lifestyle, even after you're gone. This can be especially important if you're the primary breadwinner, as it can provide a safety net for your family during a difficult time.

Another advantage of family income benefit is that it's typically the lowest cost way to buy life insurance. This is because the payout decreases the further into the policy the individual gets.