Family Income Benefit
Family income benefit is a plan designed to pay out a monthly income to your family if you were to pass away.
Critical Illness Cover is designed to pay you a lump sum upon diagnosis of a serious illness. There are a range of illnesses that can be included such as Cancers, Strokes, Heart Related Illnesses and Multiple Sclerosis (MS).
Contact UsBeing diagnosed with a serious and potentially life threatening illness can turn yours and your families lives upside down.
Critical Illness Cover is designed to pay a tax-free lump sum to you and your family if you are diagnosed with a critical illness this can be used to give you and them financial security in times of need. This can help with things such as paying off your mortgage, adapting your home to live with the illness, supplement your loss of income or just treating your family to help deal with the diagnosis.
The insurer will specify which illnesses are covered with the policy prior to starting.
It’s common to see Life Insurance and Critical Illness Cover combined into one policy, this is something we can discuss and advise on accordingly.
– Some types/forms of cancer
– Heart failure
– Stroke
– Multiple Sclerosis (MS)
– Motor Neurone Disease
– Parkinsons Disease
– Deafness
– Blindness
– Some brain injuries
– Bacterial meningitis
– Dementia including
– Alzheimer’s disease
This list is not exhaustive and other illnesses/conditions may be included.
There are some policies which will also protect your children in the event they’re diagnosed with an illness. If this were to happen, it may change life for the whole family and can help you adapt.
If you’ve already had or currently have a serious illness this could impact the cover the provider offers. It may result in higher premiums, exclusion of the previous/current illness or may mean the provider declines your policy. We’ll discuss any current and previous illnesses if applicable and advise you accordingly.
As with all insurance products, the price of your monthly premiums depend on different variables such as general health, previous illnesses, smoking status, lifestyle, but also the level of cover you require.
Critical Illness Cover can be a more expensive protection product as you’re more likely to develop a critical illness throughout the term than to pass away.
We will run through a thorough budget planner to ensure you can comfortably afford your monthly premiums.
Family income benefit is a plan designed to pay out a monthly income to your family if you were to pass away.
Giving your family a lump sum should you pass away or be diagnosed with a terminal illness.
Critical Illness Cover is designed to pay you a lump sum upon diagnosis of a specified illness.
Ensure you can continue to pay your monthly bills with Income Protection.