Protection For Your Family
Family income benefit is a financial product specifically designed to offer a consistent income stream to your loved ones in the unfortunate event of your passing. This type of coverage serves as an alternative to level term insurance, as its primary goal is to replace the income that would be lost if the insured individual were to die. By doing so, it ensures that the remaining family members can continue to meet their financial obligations, such as bills and everyday expenses, while also maintaining their overall lifestyle during a challenging time.
An ideal insurance policy for families with children, or in situations where one partner earns significantly more than the other, play a crucial role in ensuring that there is a steady income flowing into the household. This financial support allows the surviving partner the flexibility to reduce their working hours, enabling them to spend more quality time with their children all while having the peace of mind that their bills will be taken care of. During such a difficult period marked by significant loss, this type of policy can greatly alleviate the financial burden that the family may face.
When considering insurance options, it's important to note that level term insurance provides a one-time lump sum payment in the event of the insured's death. In contrast, family income benefit offers a monthly income instead, which can be more manageable for budgeting purposes and help maintain the family's financial stability over time.
TESTIMONIALS
"Top service. Paul went above and beyond and I highly recommend him. We were abroad at the time of application but the application was stress free thanks to Pauls responsiveness, he always took time to explain everything even over the message which I appreciated due to time difference. Mortgage was approved by the time we returned."​​​
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4th Jan 2024
Darina Hab
"Myself and my wife are incredibly happy with Paul's service, he has been amazing, being first time buyers we had no clue where to start and he guided us through everything and took the stress out of the entire situation. Paul's communication was fantastic and he kept me in the loop always and went above and beyond in finding us the right mortgage. Thank you again Paul you've made us both very happy"
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6th Sept 2024
Brad Bradley
"I would highly recommend Paul, he made the whole precess so easy and straightforward. He would explain everything simply which made it much easier to understand and take in. Excellent mortgage advisor!!"
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11th Jul 2023
Shauna Bagenal