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A family income benefit policy provides a replacement income in
the event of your death and/or critical illness, which could be
paid monthly, quarterly or annually. The benefit is not subject
to income or capital gains tax. Protection is provided for a fixed
term specified at outset and expires without value. In the event
of a claim, benefits are payable for the remainder of that term,
so that, in effect, the potential benefits from the contract are
reducing over time. The premiums can be structured in a number of
ways for example guaranteed premiums, which means that the premium
payable will remain the same for the duration of the contract.
Please contact us to arrange a meeting if
you wish to discuss your protection requirements.
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