Life insurance v family income benefit: Which is right for your family?

You no doubt want to protect your loved ones against life’s twists and turns. For many families, that includes shielding their finances from the worst-case scenario – the loss of a family member.

While suitable financial protection could provide a reassuring safety net, the options can be daunting. As a result, it’s not uncommon for people to put off organising cover until it’s too late or take out insufficient cover for their needs.

Life insurance and family income benefit can both offer some financial security in the event that you or your partner dies. But with each offering different types of protection, identifying the right one for your family can be confusing.

To help you understand your options, read on to weigh the pros and cons of life insurance and family income benefit, and whether a combined approach could provide the peace of