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Family Income Benefit
Unlike term assurance which will payout a lump sum on the death of the insured, Family Income Benefit (FIB) is designed to payout an annual figure for a pre-determined number of years.
For example, a couple with dependents may decide that as well as an initial lump sum on death the ongoing costs of maintaining the family until the dependents are adults may be too great. An alternative way of protecting this income requirement could be to use a FIB policy, which would payout an annual income for a number of years. Because the sum insured is paid out in instalments over a number of years and decreases throughout the term the premiums are normally significantly lower than covering the overall sum insured in a lump sum.
For families with dependents FIB can be a relatively inexpensive way of providing significant cover as part of an overall protection strategy.
REQUEST A CALLBACK TO GET YOUR FREE PERSONAL QUOTE
We will use your name, email address and contact number (‘personal information’) to contact you about the services you have requested or respond to an enquiry you have submitted, which will require us to share your personal information with our employees, financial institutions who can assist in the provision of financial services and Tenet* as they are responsible for the services we provide to our clients and have a legal obligation to monitor our compliance.
For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our Privacy Policy.
Email communications are not secure and for this reason Enduralife cannot guarantee the security of the email, its content or that it remains virus free once sent.
* Tenet means Tenet Group Limited, Tenet Limited, TenetConnect Limited, Tenet Connect Services Limited, TenetLime Limited, its associated companies.
Enduralife Ltd
The Meads Business Centre, 19 Kingsmead, Farnborough, Hampshire, GU14 7SR
- Tel: +44 (0)1483 516 760
- Email: info@enduralife.co.uk
Email communications are not secure and for this reason Enduralife cannot guarantee the security of the email, its content or that it remains virus free once sent.
The levels and bases of taxation and UK interest rates are subject to change.
The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Enduralife is a trading style of Enduralife Ltd which is an appointed representative of TenetLime Limited, which is authorised and regulated by the Financial Conduct Authority.
TenetLime Limited is entered on the Financial Service Register (www.fca.org.uk/register) under reference 311266.
Enduralife Ltd is registered in England & Wales under registration number 08264595
Registered Office: 1 Charterhouse Mews, London, EC1M 6BB
Telephone Number: 0203 800 0838
REQUEST A CALLBACK TO GET YOUR FREE PERSONAL QUOTE
We will use your name, email address and contact number (‘personal information’) to contact you about the services you have requested or respond to an enquiry you have submitted, which will require us to share your personal information with our employees, financial institutions who can assist in the provision of financial services and Tenet* as they are responsible for the services we provide to our clients and have a legal obligation to monitor our compliance.
For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our Privacy Policy.
Email communications are not secure and for this reason Enduralife cannot guarantee the security of the email, its content or that it remains virus free once sent.
* Tenet means Tenet Group Limited, Tenet Limited, TenetConnect Limited, Tenet Connect Services Limited, TenetLime Limited, its associated companies.