Friday, 13 November 2009
Flexibility is the key to life insurance
Another flexible option that can be added to you life insurance is a Family Income Benefit policy, which would provide your family with a regular monthly income from the time of your death till the end of the term you choose, e.g. 20 years. If, for example, you died 5 years into the policy, under the Family Income Benefit online insurance quotes policy your policy beneficiaries would receive an income for the remaining 15 years.
However it might sound obvious that policy needs to be done in such a way that it is paid out to the right person, because this is not automatic, you need to make sure that policy is written in a trust with a named beneficiary, otherwise proceeds will become a part of your overall estate. That will assure that the quote life insurance policy payout will circumvent the probate and it will be paid directly to your dependents.
Abbot financial can quote life insurance that will fit you like a custom made suit.