Family cover, or Family Income Benefit as it is referred to, is a form of life assurance and or Critical Illness cover which pay a regular income on death rather than a lump sum. All too often we see people that have made provisions to pay off a mortgage or other debt if they die but haven't made a plan to replace the money for day to day living and bills.
A Family Income Benefit policy is particularly relevant if you have financially dependent children. If either parent were to die then it may not be possible to work and bring up any children. An additional income would be needed to either replace living costs or the cost of extra care for the children.
Due to the nature of these types of policy they can be a very cost effective way of protecting the financial security of the family.
To download our latest magazine please enter your name and email address below to access our knowledge centre
18 Hoffmanns Way,
Tel: 01245 806 312
Suite E, 2nd Floor
The Octagon, Middleborough
Tel: 01206 867551
7 Hydra Orion Court,
Addison Way Great, Blakenham,
Ipswich IP6 0LW
Tel: 01473 359 720
London E15 4HF
Tel: 0208 221 8282
The material on the site is the copyright material of LB Financial Solutions You may not copy, reproduce, republish, disassemble, decompile, reverse engineer, download, post, broadcast, transmit, make available to the public, or otherwise use LB Financial Solutions content in any way except for your own personal, non-commercial use. This includes but is not limited to all individual fund manager data such as rankings of fund managers and ratings of fund managers LB Financial Solutions does not accept any liability for your reliance upon, or any errors or omissions. Any other use of LB Financial Solutions content requires the prior written permission of LB Financial Solutions.
Registered Office: Swift House, 18 Hoffmanns Way, Chelmsford, Essex, CM1 1GU. LB Financial Solutions Ltd is registered in England and Wales. Registered Number 07942025.
LB Financial Solutions Limited is an appointed representative of Intrinsic Financial Planning Ltd and Intrinsic Mortgage Planning Ltd, which are authorised and regulated by the Financial Conduct Authority. Intrinsic Financial Planning Ltd and Intrinsic Mortgage Planning Ltd are entered on the FCA register (http://fsa.gov.uk/register/) under reference 440703 and 440718.
© 2013 LB Financial Solutions. All rights reserved. Website design by Goldmine Media.