Family income benefit

A type of insurance called family income benefit (FIB) can help to provide a regular income for your dependents.

Most families, couples or co-habitants rely on at least one regular monthly salary to cover regular household spending. How would your household replace this if one partner died?

For peace of mind, many people choose a type of family life insurance called family income benefit (FIB).

 

What is family income benefit?

This type of family life insurance is one of a set of policy types known as term life insurance. A FIB policy runs for a set time known as the term. If you die within this period, it pays out a regular tax-free income until the term ends.

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