Protection
Family Income Benefit Advice
A monthly income for your family instead of a single lump sum — often the most affordable way to protect dependants while children are growing up.
Why Choose Us
Replace a salary, not just a balance sheet
Lump-sum life cover is great for clearing debt, but families with young children usually face the harder problem of replacing day-to-day income. Family income benefit solves that — typically at a lower premium.
- Tax-free monthly income payable until end of term
- Optional indexation so the benefit keeps pace with inflation
- Combinable with mortgage life cover for full household protection
- Trust set-up at no additional cost so payments go directly to beneficiaries
- Broad panel of UK insurers compared across price and definitions
Trusts are not regulated by the Financial Conduct Authority.
Your Journey
A straightforward process
Family Snapshot
We map household income, childcare years and what your dependants would actually need each month.
Benefit Shaping
We size the monthly benefit and term to match those years — with or without indexation.
Application & Trust
We submit the application and arrange the trust so the policy works as intended at claim.
Cover in Force
Policy issued and reviewed annually as your family grows and circumstances evolve.
FAQs
Common questions
How does family income benefit work?+
Instead of paying a single lump sum, family income benefit pays a tax-free monthly amount from the date of claim until the end of the policy term — typically until children are financially independent. It mirrors a salary rather than replacing one all at once.
Is it cheaper than standard life insurance?+
Usually, yes — because the total payout reduces over the term. Many families use it alongside a smaller lump-sum policy to clear the mortgage, which is often the most cost-effective combination.
Can the monthly benefit rise with inflation?+
Yes. Most insurers offer an indexation option so the monthly payment increases each year, typically tracking RPI or a fixed percentage. We'll model whether it's worth the extra premium for your situation.
Who should consider this cover?+
It's particularly suited to families with young children, single-income households and anyone whose dependants would need to replace day-to-day income rather than receive a one-off sum.
Is it written in trust?+
It can be — and usually should be — so the monthly payments go directly to your chosen beneficiaries without waiting for probate. We arrange this at no extra cost.
Replace your salary, not just a number
See how a monthly benefit compares to lump-sum life cover for your family's circumstances.