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Family Income Benefit (FIB))
Family Income Benefit may offer a very cost effective way of protecting your family should you die or be diagnosed with a specified critical illness. A tax free monthly amount or annual lump sum can be arranged to pay out over a specified period.
This type of cover may be particularly beneficial to the self employed sole trader; families where only one partner works; to cover maintenance payments or school fees; or simply where the surviving partner requires a monthly income.