Family Income Benefit

Family Income Benefit is a type of life insurance designed to provide a regular, tax-free income to your family if you die during the policy term. Instead of paying a lump sum, the policy pays a monthly income for the remaining term, helping support everyday living costs such as mortgage payments, household bills, and childcare expenses. It is a protection policy, not a savings or investment product, and only pays out if policy conditions are met.

We provide clear, tailored advice to help you decide whether Family Income Benefit is suitable for your circumstances. This includes considering the length of cover, level of income required, and how it fits alongside other protection arrangements such as life insurance or income protection. All recommendations are made in line with FCA regulations and based on your individual needs and financial commitments.

It is important to understand the terms, conditions, and exclusions that apply. We ensure you are fully informed about how and when benefits are paid, the cost of cover, and how the policy supports your wider financial planning. Regular reviews may be recommended to ensure the policy continues to meet your family’s needs over time.

• Assess your family’s financial needs
  We review household expenses, dependants, and future commitments to determine an appropriate level of cover.

• Explain how Family Income Benefit works
  We clearly explain policy structure, payment terms, and how income is paid to your family.

• Support with application and underwriting
  We assist with completing applications accurately and liaise with insurers throughout the process.

• Consider affordability and long-term suitability
  We help ensure the policy fits your budget and continues to meet your family’s needs as circumstances change.

• Provide ongoing review and support
  We remain available to review and adjust cover as your family or financial situation evolves.