Family Income Benefit 

How Family Benefit works with Family Income Benefit Insurance (FIB)

A family income benefit is slightly different to life insurance.  Instead of receiving a lump sum with a traditional life insurance this insurance policy is designed to help the family if you die with a monthly salary to help pay the bills such as mortgage, rent, childcare etc. 

What happens if you or your partner are diagnosed with a
critical illness?

The great thing about FIB is it also pays out if one or both or you (if in both names) is diagnosed with a critical illness.

Imagine the amount of stress you would relieve if you were able to make your monthly bills without worrying, and just be able to concentrate on getting better, or taking care of a loved one.

What is classed as a critical illness?

  • Cancer.
  • Heart attack.
  • Stroke.
  • Organ failure.
  • Multiple Sclerosis.
  • Alzheimer's disease.
  • Parkinson's disease.

Each policy providers insurance differs that is why we are here to give you our advice so you can work out which policy is best suited to your personal needs.

All these things can be considerably life changing for a family, and how you cope on a day-to-day basis.  People tend to overlook time needed to attend appointments attend rehabilitation, pay for careers make any renovations needed to accommodate increasing needs in the home. 

Peace of mind and financial security is everything at challenging times.

Illness and death is a depressing subject, and one that none of us wants to think about, but when faced with the simple fact that 1 in 2 people will now experience a cancer related illness in life the fact is if you are not prepared for the “just in case” fund the stress you may experience may in truth be overwhelming.

This is exactly why we are here to guide and support you.  Free advice with a Free annual Protection Portfolio review to keep up with your ever-changing needs.

MTGE – We Care