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Get family income benefit quotes

We search insurers big and small for cover to protect your family with an income

We search insurers big and small for cover to protect your family with an income

Frequently asked questions

You choose how long your family income benefit policy term lasts, for instance until your children are financially independent, or until your mortgage has been paid off. 

With family income benefit, the risk to the insurer decreases with every year that there isn’t a claim. If you choose a 23-year term and passed away a month into this term, the payments would begin from the date of death through to the end of the term. If you passed away 20 years into the term, the payments would again begin from the date of death but only pay out for two years, as this is what is left of the term.

Whilst life insurance will pay out a lump sum to your beneficiaries if you pass away during the term, family income benefit provides a regular monthly sum of money for a set period of time. Due to the different ways that these two life policies pay out, family income benefit can often work out as the cheaper option.

Yes, it is possible to take out a joint policy. It works the same way as joint life insurance, in that it will only pay out once - usually after the first policy holder passes away. It works out cheaper than you both having separate cover, but the payout may be less.

Yes, but only if you choose for it to rise with inflation. It’s a good idea to get a policy that keeps track of rising prices - especially if it could be paying out over a long period of time.

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Family income benefit, life cover, critical illness cover and more - there's so much choice. If you know what cover you need, great; if not, we're here to help and advise.
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You may need a joint, or a single policy. Not sure what you need?...we can advise, and usually if it's a joint application, we would recommend individual policies.
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The amount you need depends on a number of factors such as your mortgage balance, any debts and a lump sum you may want to leave after these are factored in. Don’t worry – if you’re not sure we can advise you.
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Think about how long you may need to cover life's biggest costs - it may be until a mortgage is fully repaid, until a child becomes financially independent, or until retirement.
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Most insurers will need to know this for a policy, and they may include e-cigarettes and nicotine replacements.

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Frequently asked questions

You choose how long your family income benefit policy term lasts, for instance until your children are financially independent, or until your mortgage has been paid off. 

With family income benefit, the risk to the insurer decreases with every year that there isn’t a claim. If you choose a 23-year term and passed away a month into this term, the payments would begin from the date of death through to the end of the term. If you passed away 20 years into the term, the payments would again begin from the date of death but only pay out for two years, as this is what is left of the term.

Whilst life insurance will pay out a lump sum to your beneficiaries if you pass away during the term, family income benefit provides a regular monthly sum of money for a set period of time. Due to the different ways that these two life policies pay out, family income benefit can often work out as the cheaper option.

Yes, it is possible to take out a joint policy. It works the same way as joint life insurance, in that it will only pay out once - usually after the first policy holder passes away. It works out cheaper than you both having separate cover, but the payout may be less.

Yes, but only if you choose for it to rise with inflation. It’s a good idea to get a policy that keeps track of rising prices - especially if it could be paying out over a long period of time.

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