Zurich to offer monthly income on new family cover policies

The cover will see policyholders access a monthly income rather than a lump sum payment that is paid out for the remaining policy term. With the cost of living crisis continuing to impact families and individuals, Zurich stated that its updated family income cover aims to gives advisers and customers a more "affordable cover option" to deal with day-to-day living costs, such as bills or care costs. The update will be available on products such as family income cover, life cover, life and critical illness as well as standalone critical illness policies. Meanwhile, the provider has a...