Family income benefit is designed to pay a regular income if you die or are diagnosed with a terminal illness

. An alternative to level term insurance (which pays a one off lump sum), family income benefit aims to replace lost income if the insured individual dies.

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Family income benefit is a type of insurance that pays a monthly income to your family.

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When you set up your policy you choose the level of annual cover you need and how long you want the policy to run for.

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There is no cash in value, so if you stop making payments your cover will end. Most families rely on at least one regular monthly salary to cover their household spending.

 

If you want a quote from five star Defaqto rated providers such as AIG, Aviva, Royal London and more, contact us and we will help you find the best policy.

 

We do not charge a fee for our advice and you'll have the peace of mind knowing we are regulated by the Financial Conduct Authority.