Family Income Benefit

Home / Family Income Benefit

Family income benefit is a special type of life insurance policy.

Generally, with life insurance, your loved ones will receive a lump sum payout from your policy when you die. It’s then up to them to handle that money as they wish. With a family income benefit policy, your loved ones will instead be paid a regular income for a set period.

It is important to figure out what sort of income would be needed by your family to be financially stable should you pass away.

Here at Advantage we have the tools and experience to help you arrive at a suitable monthly income from your policy, striking the perfect balance between cost and cover.

Family income benefit is generally seen as the most budget-friendly form of family protection available.  This is because the insurer is less likely to have to pay out a significant sum, and even if they do they won’t need to pay it all in one go. 

Managing a large lump sum from a traditional term assurance policy can prove a real challenge for families who have just lost a loved one. If they want to make the money last for a lengthy period, this will involve a lot of budgeting and potentially even investing in the stock market. After losing a spouse it’s entirely likely that the survivor may want to re-evaluate their work situation or child care arrangements, you can imagine how much easier this is if a family income benefit policy is paying.

Advantage will help you figure out what type of cover is right for you and your family, call us today for some indications on how much it would cost you to protect your family, it’s less than you think.


Book an appointment

Why Choose Us?

Our clients choose to trust us over the competition because of the way we conduct our business.

Did you know that not all mortgages are available through brokers? That’s why we’ll always let you know about any cheaper deals that we’re aware of when we make our recommendation. Nothing hidden here.
We exist not only for our clients but to make the world a better place in any little way we can. We participate in ‘micro-giving’ via a charitable organisation called Buy1Give1, to causes such as conservation and clean water.
All Advantage customers have their own Client Portal for secure exchange of information, messages and documents. However, we always tailor our services to suit you, whether face to face, telephone, email or carrier pigeon.
Whilst we have arranged finance for people in all situations, we have areas we think we excel in. If you are a contractor, self-employed, a first time buyer, an older borrower or have had credit issues, you should really call us.
Your Home may be repossessed if you do not keep up repayments on your mortgage or another debt secured on it

The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.

Our typical fee is £450 and only paid when your offer is produced. This means that if we’re unsuccessful in getting you the mortgage you won’t pay a fee, giving you the confidence you need from a broker.

Advantage Financial Solutions is a trading style of TRM Financial Ltd, an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH.  Registered in England and Wales no. 09832887.