ltd-Family Cover, Aberdeen-Mortgageshield



Family Income Protection

A Family Income Benefit protection policy will provide your dependents with a monthly income, rather than a lump sum, for the remaining term of the policy.  You choose the type and level of cover.

Family Income Protection Policy Features

          A fixed term policy

          Providing a tax free income from the date of death to the end of the term.

          Option on claim to commute the regular income for a single lump sum.

          No benefit on survival

          No surrender value.

          Level premiums throughout the term.

          Policy is arranged for a fixed term of years.


Now available with critical illness cover as an option.

Family Income Protection Policy Benefits

          Low cost cover providing a tax free income, particularly useful for young families.

          Benefit is paid on death (or diagnosis of a specified critical illness if that option is taken out) of the insured person for the remaining years of the policy term.

          Provides valuable income to the surviving spouse/partner to bring up children etc.

          Available for long or short term plans i.e. 1-18 years.

          Available for single or joint applicants.

Family Income Protection Policy Limitations

          Fixed term means no flexibility, you may wish to extend cover but this is not possible.

          No continuing insurability, you may be ill at the end of the term and unable to obtain further cover.

          No investment element.

          The fixed sum assured does not take account of inflation.