Family income benefit (family income assurance) - A type of term assurance in which, following the death of the life assured, instalments, rather than a lump sum, are paid to the beneficiary for the remainder of the policy term. If the life assured lives to the end of the term, no benefit is payable.
Family income benefit (family income assurance) : a type of term assurance in which, following the death of the life assured, instalments, rather than a lump sum, are paid to the beneficiary for the remainder of the policy term. if the life assured lives to the end of the term, no benefit is payable.
Family income benefit (family income assurance)