Family income benefit.
Instead of relying on one lump sum, you can arrange life cover designed to pay a regular income to your family if you die during the policy term.
Friendly advice, tailored to your circumstances. Product terms, underwriting and exclusions apply.
How does this cover work?
Family income benefit usually pays agreed regular amounts for the remainder of the policy term following a valid death claim. Because the remaining payment period gets shorter over time, it works differently from standard level term life insurance.
The right amount and type of cover depends on what you want to protect, your existing arrangements and your budget. An adviser can explain which features matter and what a policy may not cover.
Things worth checking
- Choose a monthly benefit and a term aligned with how long your family may need support.
- Understand how the remaining payments reduce as the policy approaches its end date.
- Review inflation options, beneficiaries, policy exclusions and whether the cover complements a mortgage lump sum.
Frequently asked questions.
How does family income benefit differ from life insurance?
Both are forms of life cover. Family income benefit is designed around regular payments during the remaining policy term rather than a single lump sum.
Can it be combined with mortgage protection?
Potentially. A lump sum could address mortgage debt while family income benefit could support ongoing household spending, depending on your needs.
Not sure what to choose?
We can talk through your priorities, existing cover and available options, with no pressure to take out a policy.
Talk to a protection adviser ↗No policy provides cover for every eventuality. The insurer's terms, conditions and exclusions determine the benefits payable.
Related protection options.
Life insurance
Help the people who depend on you financially if you die during the policy term. We can explain cover designed around a mortgage, family costs or a longer-term plan.
Explore coverIncome protection insurance
Your bills don't stop when you're unable to work. Income protection is designed to replace part of your income if illness or injury prevents you working, subject to the policy terms.
Explore coverCritical illness cover
A serious diagnosis can affect work, savings and family life. Critical illness insurance can provide a lump sum if you meet the policy's definition of a specified condition.
Explore coverFurther information: MoneyHelper: types of term life cover ↗ This is general guidance, not a personal recommendation or tax advice.