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Family Income Benefit

Family income benefit is designed to pay out a monthly or annual lump sum to cover your family’s day to day living costs meaning that the money is more manageable.

It can be a more suitable and cost-effective product for your needs than a lump sum payout. It can also be taken out alongside a policy designed to pay off a mortgage.

A regular income could be more straightforward for your loved ones to manage, which means they don’t have to worry about dealing with a large one-off payment which could easily be mismanaged.

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