Family Income Benefit
Securing family income and stability after the death of a loved one
Family Income Benefit protects your loved ones.
What is Family Income Benefit (FIB).
In times of loss, it is essential to consider the holistic needs of a family, not just the big-ticket expenses like a mortgage.
Family Income Benefit steps in to provide ongoing financial support, ensuring that monthly living costs such as groceries, school fees, and utility bills can be managed without the added stress of financial strain.
Your questions answered
How does Family Income Benefit help?
Family Income Benefit (FIB) is our way of standing by you during life’s storms, allowing your family to continue living life to the fullest and cherishing moments together. To provide a security net, offering a sense of stability during family change transitions.
How much benefit will we receive?
Your unique life situation will shape the advantages you reap. Have a word with our brokers to discover the most beneficial strategy for you and your loved ones.
Can I change my cover?
Your life changes, and so should your coverage. Whether you’re changing careers, greeting a new family member, or saying ‘I do’, Mortgage Matters is here to help you sail through these significant milestones effortlessly.
Is FIB taxable?
Family Income Benefit, in majority of situations, is thoughtfully crafted to provide a monthly income free from taxes. This ensures that your family receives financial aid that’s custom-fit to their needs in some of the most challenging times.
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