Family Income Benefit
Insure to reassure.
What is it?
Family income benefit insurance is a type of life insurance that will give regular financial support to the family of a policyholder if they die or are diagnosed with a terminal illness.
We're 100% independent, and always will be.
Protect your family
Rest peacefully knowing you've secured an on-going monthly income for your family. Monthly pay-outs can ease the burden of bills, making budgeting more manageable for those you've left behind.
If circumstances change, we make it easy to switch from a monthly benefit to a lump-sum pay out during the claim process.
Who's it for?
We recommend Family Income Benefit for the following people and scenarios.
If you have a family with young children
You may want to take out insurance to ensure your children are looked after until they reach adulthood.
You're a single parent
You're a full-time carer
If you've become a loved ones full-time carer. Having this in place means that if you're no longer around, there is a monthly income available to pay for things such as private home care visits, private health insurance or to help paying towards the bills.
Writing your policy into trust
You're able to write your insurance policy into trust. Making this legal arrangement ensures that money paid out goes straight to the people you want to benefit from it.
It also could allow a quicker death claim payment compared to a policy not in trust and could exempt any pay out from IHT liabilities.
We cannot advise on whether putting any particular plan into a trust would be suitable for your particular circumstances and would recommend you take professional legal advice.
How much cover do I need?
When working out the amount of cover you'll both need and want, it's important to consider the level of financial support your dependants would need if you weren't able to provide an income as a result of your illness.
Your adviser will help you decide the level of cover you should take out based on your individual circumstances.
We're 100% independent, and always will be.
Am I eligible?
Providers may have age limits on their policies, and some conditions may also be excluded from cover based on your medical history.
Don’t worry! Your adviser will let you know if you’re eligible and the policy conditions before you apply.
You’ll also need to be a UK resident to take out critical illness cover.
What affects the cost of a policy?
The following affects how much your policy will cost:
- Type of policy
- Your Age
- Your Occupation
- Your Medical History
- Your Lifestyle
- Your Level of Cover
How do I apply?
See how to apply, there's only 3 easy steps.
Book Online, or In Person Meeting
Book Appointment
We offer online, phone or in-person appointments. Book an online appointment, email us or call us and let's start the process together!
Meet your friendly advisor
We start searching...
After learning a bit about you, our advisors will begin searching the ENTIRE market to find you the best deal
Receive a TLC service
Discuss your options
Once we've found a few options for you, we'll contact you and if you're happy we can start the full application. Your advisor will explain everything to you.
