Family Income Benefit

Family income benefit is a plan designed to pay out a monthly income to your family if you were to pass away or be diagnosed with a terminal illness with a life expectancy of less than 12 months.

This type of plan works in a similar way to income protection, however it is not linked to your monthly income and the amount of cover is set by you.

The desired income to be paid each month can remain level throughout the term, so the benefit will not change. You can apply for increasing cover, which increases in line with inflation each year, in case living costs etc increase in the future.


What is level term?

With level term, the amount of cover will remain the same throughout the term of the policy you have.

What is increasing term?

With increasing term, the level of cover increases in line with inflation each year to account for increasing living costs etc.

Who's this cover suitable for?

Family income benefit is suitable for someone who has a family/dependents and little to no access to savings.

The minimum age for this type of cover is 18 and the maximum age varies depending on provider.

How much will it cost?

As with all insurance products, the price of your monthly premiums depend on different variables such as general health, previous illnesses, smoking status, lifestyle, but also the level of cover you require.

We will run through a thorough budget planner to ensure you can comfortably afford your monthly premiums.

Find out how you can protect your loved ones

Get in touch

Protection Services

Life Insurance

Giving your family a lump sum should you pass away or be diagnosed with a terminal illness.