--- title: How Is Zurich Futura Family Income Benefit useful? description: Zurich Futura Family Income Benefit can provide your family with a regular income to your family in addition to the life cover. image: https://www.financialplanningindubai.com/hubfs/bigstock-portrait-of-beautiful-young-in-96315932-1.jpg --- [![Financial_Planning_in_Dubai_logo](https://www.financialplanningindubai.com/hs-fs/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png?width=90&height=90&name=Financial%20Planning%20in%20Dubai%20Logo_9090-2.png "Financial_Planning_in_Dubai_logo")](https://www.financialplanningindubai.com/?hsLang=en-gb) - [Home](https://financialplanningindubai.com/) - [Blog](https://www.financialplanningindubai.com/blog) - [Services](https://www.financialplanningindubai.com/services) - [Islamic Investments & Takaful Plans](https://www.financialplanningindubai.com/blog/salama-hyat-plus-takaful-plan) - [Medical Insurance](https://www.financialplanningindubai.com/blog/topic/medical-insurance) - [Free Resources](https://www.financialplanningindubai.com/free-finanical-tools) - Tools - Calculators - [S&P 500 Investment Calculator](https://financialplanningindubai.com/sp-500-investment-calculator/) - [Life Insurance Calculator](https://www.financialplanningindubai.com/life-insurance-calculator) - [SIP Calculator](https://financialplanningindubai.com/sip-calculator/) - [Lumpsum investment calculator](https://www.financialplanningindubai.com/lump-sum-investment-calculator) - [Inflation Calculator](https://www.financialplanningindubai.com/inflation-calculator-uae) - [Net-Worth Calculator](https://www.financialplanningindubai.com/blog/free-personal-balance-sheet-template-networth-statement) - [The Best Budget Planner for Expats](https://www.financialplanningindubai.com/expat-budget-planner) [Book A Discovery Call](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) # How Is Zurich Futura Family Income Benefit useful? ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) 29 Aug 2018, 18:09:47 ###### [Family Income Benefit,](https://www.financialplanningindubai.com/blog/topic/family-income-benefit) [Zurich Futura,](https://www.financialplanningindubai.com/blog/topic/zurich-futura) [life insurnace](https://www.financialplanningindubai.com/blog/topic/life-insurnace) ## Zurich Futura Family Income Benefit(FIB) [Futura](https://www.financialplanningindubai.com/blog/zurich-futura-review?hsLang=en-gb) is a flexible, whole of life insurance policy. It is designed to pay a cash lump sum on death. You can also choose to add several optional riders to your policy. **Family Income Benefit(FIB) **is one such rider, and it can be beneficial for people looking to ensure that their loved ones have a regular and dependable income in addition to the lump sum life cover. Let me explain this with an example;  Ramesh and Priya are a young couple, 30 and 29 years respectively, their son Rohit is five years old. ![Zurich Futura Family Income Benefit](https://www.financialplanningindubai.com/hs-fs/hubfs/bigstock-portrait-of-beautiful-young-in-96315932-1.jpg?width=800&name=bigstock-portrait-of-beautiful-young-in-96315932-1.jpg) Ramesh is looking to buy Life Insurance, and he reached out to me to help him decide. After going through his protection needs and budget, I recommend him a Futura with the following benefits; | **Life Cover** | $450,000 | | --- | --- | | **Critical Illness Cover** | $ 300,000 | | **Hospitalization Benefit** | $ 1000 per week | | **Family Income Benefit for 20 Years** | $ 1000 Per month | | **Calculated Premium for 15 years** | $ 335 Per month |   Ramesh wanted to understand how family income benefit worked and why he should include this rider? My answers to his questions were as follows; - The Family Income Benefit(FIB) provides a regular income for the insured's family in the event of the death, over and above the life cover. - While the life cover may be used for needs like paying off a mortgage, buying a property etc., and the family income benefit will provide regular and dependable cash flow, till Rohit is 25 years old. - In the unfortunate event of Ramesh's death, Priya and Rohit may have to go back to India. In such a case they will have a monthly income of $ 1,000 or INR 75,000, which will comfortably support their living and schooling expenses in India in addition to the Lump sum of $450,000 - Having a family income benefit mitigates the risk of running out of money until Rohit can be independent.  - By not including FIB, Ramesh would only save $9, so it is a very affordable benefit to include. - Typically, it costs much less than a proportionate increase in life cover. In this example, the proportionate increase was $200K - This option without Family income benefit will cost Ramesh $ 414 per month for 15 years, increasing his premium by $ 79. The numbers made sense to Ramesh, and he availed his Futura, with the family income benefit. [![Family Income](https://www.financialplanningindubai.com/hs-fs/hubfs/Imported_Blog_Media/family-income-1.png?width=600&name=family-income-1.png)](http://wordpress.us6.list-manage.com/subscribe?u=9408d5ec35620a025a73aa7d9&id=9552ac42c5) Ramesh also considered another option, where the life cover was at $ 450,000, along with $ 300,000 Critical Illness Cover and $1,000 hospitalization cover to understand what would the impact of the family income benefit on the monthly premium; and it worked out to be $ 326, only $9 less than the option with family income benefit. The numbers made sense to Ramesh and he availed his Futura, with the family income benefit. **Technical Facts** Minimum Age at Entry: 17 Years Maximum Age at Entry: 74 Years Minimum benefit Term: 10 Years Maximum Benefit Term: 40 years Income options: Monthly, Quarterly, Half-yearly or Annual Income Period: As decided at the outset. In this example - 20 years. So if Ramesh died after ten years, Priya and Rohit would receive the income for the balance ten years. For Joint life policies, family Income benefit can be availed on one life or both lives To help you select the right Insurance plan with the most beneficial riders, call me on +97150-2285405 or Arrange a Free Consultation to have a detailed discussion. [![Click Here to Arrange a Free Consultation](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/2672634/3a1f3c56-7c62-45e9-be25-42598cc31533.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/2672634/3a1f3c56-7c62-45e9-be25-42598cc31533) ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) Author, Blogger & Independent Financial Advisor. My goal is to give you actionable tools for creating passive income and building wealth. More than 10,000 expats have already used my ideas to jumpstart their journey towards financial independence. Connect with me to start yours... Share this article on [mailto:?subject=Check%20out%20How%20Is%20Zurich%20Futura%20Family%20Income%20Benefit%20useful?%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/2013/08/21/zurich-futura-family-income-benefit-explained](mailto:?subject=Check%20out%20How%20Is%20Zurich%20Futura%20Family%20Income%20Benefit%20useful?%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/2013/08/21/zurich-futura-family-income-benefit-explained) ##### Read more - [The Real C-Suite – The Only Title That Matters 🏆](https://www.financialplanningindubai.com/blog/breadwinner?hsLang=en-gb) - [The Wealth Secret 99% of Investors Ignore – Will You?](https://www.financialplanningindubai.com/blog/the-iceberg-of-investing?hsLang=en-gb) - [From Risk to Reward? 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[Read More](https://www.financialplanningindubai.com/blog/4-important-reasons-why-you-need-life-insurance-in-uae?hsLang=en-gb) [![Keyman Insurance in Dubai for SME - Financial Planning in Dubai](https://www.financialplanningindubai.com/hs-fs/hubfs/Imported_Blog_Media/Keyman-Insurance-Dubai-1.jpg?width=300&name=Keyman-Insurance-Dubai-1.jpg)](https://www.financialplanningindubai.com/blog/2015/12/06/keyman?hsLang=en-gb) ###### [Business Protection,](https://www.financialplanningindubai.com/blog/topic/business-protection)[Keyman Insurance](https://www.financialplanningindubai.com/blog/topic/keyman-insurance) ##### [Keyman Insurance in Dubai for SME - Financial Planning in Dubai](https://www.financialplanningindubai.com/blog/2015/12/06/keyman?hsLang=en-gb) Who is a Keyman? A keyman is a person who is responsible for the revenue, profits, growth, and... [Read More](https://www.financialplanningindubai.com/blog/2015/12/06/keyman?hsLang=en-gb) [![4 Key Changes To Zurich Futura Life  Insurance](https://www.financialplanningindubai.com/hs-fs/hubfs/Stock%20images/Human%20hand%20drawing%20caricature%20of%20man%20climbing%20ladder.jpeg?width=300&name=Human%20hand%20drawing%20caricature%20of%20man%20climbing%20ladder.jpeg)](https://www.financialplanningindubai.com/blog/4-key-changes-to-zurich-futura-life-insurance?hsLang=en-gb) ###### [Zurich Futura,](https://www.financialplanningindubai.com/blog/topic/zurich-futura)[life insurnace](https://www.financialplanningindubai.com/blog/topic/life-insurnace) ##### [4 Key Changes To Zurich Futura Life  Insurance](https://www.financialplanningindubai.com/blog/4-key-changes-to-zurich-futura-life-insurance?hsLang=en-gb) Many would argue that [Zurich Futura](https://www.financialplanningindubai.com/blog/zurich-futura-review?hsLang=en-gb) is the best Whole of Life Insurance in UAE, and they may be... 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