Personal Protection Policies

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List of Personal Protection Policies

Family Income Protection or Family Life Insurance provides your family with a monthly income for the remaining term of the policy, rather than a single lump sum.

Family Income Benefit Product Features:

  • A fixed term policy
  • Providing a tax free income from the date of death to the end of the term.
  • Option on claim to commute the regular income for a single lump sum.
  • No benefit on survival.
  • No surrender value.
  • Level premiums throughout the term.
  • Policy is arranged for a fixed term of years.

Family income life assurance is now available with critical illness cover as an option.

Family Income Benefit Policy Benefits:

  • Low cost cover providing a tax free income, particularly useful for young families.
  • Benefit is paid on death (or diagnosis of a specified critical illness if that option is taken out) of the insured person for the remaining years of the policy term.
  • Provides valuable income to the surviving spouse/partner to bring up children etc
  • Available for long or short term plans i.e. 1-18 years.
  • Available for single or joint applicants.

Family Income Benefit Policy Limitations

  • Fixed term means no flexibility, you may wish to extend cover but this is not possible.
  • No continuing insurability, you may be ill at the end of the term and unable to obtain further cover.
  • No investment element.The fixed sum assured does not take account of inflation.