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Family income benefit (FIB) is a type of affordable life insurance that helps take a load off the client’s mind that, in the event of an unexpected, their family would also have to deal with financial problems. This protection ensures regular income for your loved ones if you die during the term of the plan. The total amount paid by the policy depends on when the customer dies.


Family benefits can be particularly attractive for young families who want to secure their children until they reach the age of majority. Such insurance is also beneficial for customers who have a mortgage, as well as for single parents and carers of children and adults, where regular income from the benefit could cover the cost of renting an apartment, medical care or current bills.