Ongoing financial support for your loved ones
Family Income Benefit provides a regular, tax-free monthly income for your family if you die during the policy term. It’s designed to help cover everyday living costs — like the mortgage, bills and childcare — when your income stops.
What is Family Income Benefit?
Family Income Benefit is a type of life insurance that pays a monthly income to your family for the remainder of the policy term if you pass away.
Regular monthly income
Payments are made monthly, helping your family budget and maintain their lifestyle.
Set for a fixed term
Cover can run until your children grow up or your mortgage is due to end.
Who should consider Family Income Benefit?
Families with young children or dependants
Helps provide predictable support while children are still financially dependent.
Households relying on one main income
Useful where one salary covers most of the essentials and would leave a big gap if lost.
People with a mortgage and ongoing commitments
Helps cover mortgage payments and everyday costs like bills and childcare.
Those who prefer monthly support over a lump sum
Monthly payments can feel more manageable for budgeting than receiving one larger payout.
Family Income Benefit FAQs
Family Income Benefit is a type of life insurance that pays your family a regular monthly income rather than a single lump sum. It’s designed to help cover ongoing household costs such as food, bills, childcare and education.
It’s not better — just different. If your family would struggle to manage a large lump sum or would benefit from consistent monthly support, Family Income Benefit can be a smarter option. Many families choose a combination of both.
You choose the policy term at the outset. For example, if you take out a 20-year policy and pass away in year 5, your family would receive monthly payments for the remaining 15 years.
Yes. Many families use a combination of life insurance and Family Income Benefit to create layered protection — for example, a lump sum to clear the mortgage alongside monthly income to cover everyday living costs.
Helping Clients in Broadstairs, Thanet & Beyond
We’re proud to support clients across Kent—from Broadstairs, Margate and Ramsgate to Canterbury, Herne Bay and further afield. Wherever you are in your property and financial journey, we’re here to help.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
IMPORTANT: With investments, your capital is at risk. Pensions and investments can go down in value as well as up, so you could get back less than you invest.
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