Family Income Benefit

Family Income Benefit is a type of life insurance policy. Where it's different from basic life insurance is that it pays out a regular monthly income, rather than a lump sum.

Family Income Benefit may appeal to families with young children, particularly where one parent is the primary earner, as it provides a regular income, often with cheaper premiums than other life insurance policies.

You'll have peace of mind that your loved ones will still be able to cover monthly outgoings like mortgage payments, bills, and childcare costs if something happens to you.

What Do I Need To Think About?

What Do I Need To Think About?

How much income will your dependants need? Think about possible future family living costs as well as your current outgoings. How long do you want the cover to last? Often, people who take out fanily income benefit choose the policy term to run until their children are financially independent. Frequency of pay-outs? You'll need to decide whether you'd like your family to receive a regular monthly income, or if you'd rather they had a lump sum.

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Rettie Financial Services Ltd

Rettie Financial Services Ltd is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

Rettie Financial Services Ltd. Registered Office Address: Deuchrie, Dunbar, East Lothian, United Kingdom, EH42 1TG. Registered in Scotland Number: SC711925.

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