Family Income Benefit
Why Family Income Benefit?
- It's a cost-effective way to protect against death or serious illness
- Think about it as life insurance but paid monthly so it can cover your family's ongoing overheads over a time period chosen by you
- It's reliable, consistent and easy to manage, while a lump sum payout may be overwhelming
Why expert advice makes the difference
- Family income benefit is often bought to complement a lump sum life insurance policy
- Family income benefit is a tax-free monthly income that runs for a period chosen by you
- Family income benefit, income protection, critical illness cover ... if you're starting to feel confused don't worry - we'll talk you through each option
Watch our Family Income Benefit video
Frequently asked questions about this type of policy
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.
For more information, read this blog.
Family Income Benefit - advice and guides
We've picked 3 guides we think you'd like, but you can visit the Advice & Guides hub for more.Read the latest news and views in the LifeSearch Blog
New LifeSearch protection scheme for BIBA members
New protection scheme for BIBA members from LifeSearch
A new mental health app, built for the NHS, is widening its accessibility to all UK public and private sector companies
LifeSearch: More than meets the Eye
We're purpose-built to protect, support, and stand up for families. Come see what makes us different.
We’re recommended by these huge brands to help their customers
Since 1998 we've protected more than 750,000 UK families
- Fee-free expert advice, free support services
- We hunt the market - insurers you know and some you don't
- We advise, we search, but you decide
- Multiple award winners for our customer service, culture and campaigning
- Trustpilot 'Excellent' year after year from thousands of reviews