How much does family income protection cost?
The cost of family income benefits differs depending on a variety of factors including your age, your lifestyle and how much annual income you want as a payout. Your premiums will be more expensive the older you are and they’ll also increase if you choose a higher annual income.
Family income benefit vs level term life insurance
A family income benefit policy is typically cheaper than a level term insurance policy because the amount the insurer pays out decreases over the policy’s term.