In this article I will discuss the benefits of a little known but very important plan called a family income plan which is also known as family income benefit. I will explain how the plan works and further I will go into how this type of plan can benefit the average client looking for life insurance.
Estate planning is about making sure you take care of your spouse and family should you pass away. Life insurance plays a critical role in assuring their comfort.
Life insurance is a financial tool that helps protecting the interests of the family members at the event of a premature death of the bread earner of the family. Hence, if you have financially dependent family members, you may consider buying a life insurance plan.