Most of you know that my favourite benefit is DEATH INCOME, a benefit that allows the family left behind to carry on without the financial income dropping down to a minimum or nothing at all.
Death Income can be taken out in two ways:
1. For a period of 12 or 24 months which will help the family during the wind up of the estate of the deceased
2. Extended benefit with will run from date of death to the retirement age selected by the deceased at time of application: 60, 65 or 70
Death Income can also be used in various different scenarios and is helpful when the client wants the estate not to be touch by outside parties, for example an ex-spouse to which maintenance is being paid monthly for minor children.
Attached is a PDF document giving some insight to Death Income and the Simply Put.