Survivor Income Benefit Insurance: A Safety Net for Loved Ones
Survivor income benefit insurance, also known as survivor benefit insurance, is a type of life insurance that provides a stream of income to the beneficiaries of the insured person after their death. For instance, if a primary income earner passes away unexpectedly, the survivor income benefit insurance can offer a safety net for their family, ensuring a steady income flow to cover living expenses, mortgage payments, and other financial obligations.