Family Income Benefit
Designed to give regular financial support to the family of a policyholder if they die or are diagnosed with a terminal illness.
What Does Family Income Benefit Cover?
You’ll be covered based on the policy you choose, which may include permanent health insurance providing cover for a percentage of your income if you have an accident or illness that leaves you unable to work. ‘Accident’ and ‘sickness’ cover would pay out until you can return to work, usually for one or two years. ‘Unemployment’ cover provides a replacement income if you lose your job. ‘Accident, sickness and unemployment’ cover pays out if you suffer illness, an accident or job loss. There are options that include reviewable policies and age-related policies, so the right cover will depend on your circumstances and selected policy.