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THE GUIDANCE AND/OR ADVICE CONTAINED IN THIS WEBSITE IS SUBJECT TO THE UK REGULATORY REGIME AND IS THEREFORE PRIMARILY INTENDED FOR CONSUMERS RESIDENT IN THE U.K.
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Family income benefit, an underused type of protection plan in my opinion, allows the benefit upon your death to be paid out to your family in regular payments.
This provides them with a regular income over a selected period of time. This term is chosen by you at the beginning of the policy, and it generally provides a sum to replace lost earnings.
This type of assurance can also be used for a particular purpose, such as to cover the University fees for a child or children.