Archive update: this post originally announced online Family Income Benefit comparison tools and a cashback offer. Those service descriptions are obsolete and should not be treated as current offers.
What is Family Income Benefit?
Family Income Benefit is a form of life cover designed to pay a regular benefit to eligible beneficiaries after a valid death claim during the policy term, rather than one fixed lump sum. The amount, payment period, conditions and exclusions depend on the policy. The potential benefit reduces as the end of the term approaches because fewer regular payments remain.
Points to consider
Think about what regular household costs would continue if you died, any existing savings or employer benefits, and whether a regular benefit or a lump sum would better address the gap you identify. Do not assume a policy will cover every expense, pay automatically or be available at a particular price. Review the policy documents before deciding.
Current route
Start a protection enquiry and select Life Insurance if you would like an adviser to discuss relevant life-cover options. The current journey requests a call; it is not an instant whole-of-market comparison, cashback offer or guaranteed-price service. You can also contact IM-Insured.
