Risk Clinic: FIB on critical illness

  Alan Lakey   Highclere Financial Services   Critical illness cover within a family income benefit plan is relatively uncommon. Few providers offer it and even fewer advisers recommend it. So within this scenario, choosing FIB suggests that the matter was considered carefully by both adviser and client, and that the plan was selected precisely because an income was more desirable than a capital sum. Of course, circumstances may have changed and commuting to a lump sum may now be advantageous, particularly if a mortgage or debt exists that cannot otherwise be repaid. H...