Family and Personal Income Plan

Aims to provide a monthly benefit if your client dies while covered by the policy. Optional Critical Illness Cover also available.

Overview

A plan designed to provide a monthly benefit if the client dies or is diagnosed with a specified critical illness (if Critical Illness Cover or Critical Illness Extra are chosen) during the term of the plan.

The cover is paid when either life insured dies or is diagnosed with a terminal illness (life expectancy of less than 12 months), or is diagnosed with a specified critical illness, whichever occurs first

Although Family and Personal Income Plans are designed to pay a monthly benefit, a commuted lump sum payment can be taken instead when a claim is made.