Family Income Benefit
Family Income Benefit (FIB) is an under-estimated product. On death, customers receive a lump sum but over a period of time. So instead of having a lump sum now which can be spent on a false life style, the family would get security for the future.
Losing an income or both incomes is devastating on the family especially if there are children involved. Creating a bespoke portfolio around your family and including certain policies to protect your family can really increase your safety for the future.
This type of policy is most suited for young families to protect them against the loss of income provided by either or both parents.
Xact Mortgages Limited is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority