Personal protection

When you’re thinking about protecting your family, Family Income Benefit (FIB) is one of the most powerful — and often overlooked — options available.

Rather than paying out a single lump sum like a traditional life insurance policy, FIB is designed to pay a regular monthly income to your loved ones if you die during the policy term. That ongoing income can make a huge difference at a time when life already feels upside down.

For most parents, the worry isn’t just about clearing the mortgage. It’s about making sure their children still have the support, stability and opportunities they had always planned for them. Family Income Benefit helps with exactly that by providing financial support for a set period, so children and dependants can continue their day-to-day lives with as little disruption as possible.

With many Family Income Benefit plans, you also have the option to add critical illness cover.

If you’re diagnosed with a specified critical illness covered by the policy, it can pay out your chosen level of monthly benefit. That money can help replace lost income, ease the pressure of day-to-day bills, or simply give you the space to focus on treatment and being with your family.

Ultimately, Family Income Benefit is about peace of mind. It’s there to help ensure that if you or your partner were to die — or, in some cases, become seriously ill — your family is protected from financial hardship and can maintain the lifestyle you’ve worked hard to build.

We don’t disappear once your cover is in place. If your circumstances change or you have questions in the future, we’re here to help you review and adapt your cover as needed.