Family Income Benefit Life Insurance A regular monthly income to protect your family's future

Family income benefit is a type of term life insurance that pays your family a regular monthly income until the end of the policy term, instead of one lump sum. A broker will compare leading UK insurers and call you with tailored quotes.

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Why Families Choose Family Income Benefit

A simple way to replace your monthly income if the worst happens.

A Monthly Income, Not a Lump Sum

If you die during the policy term, the policy pays your family a set monthly amount until the term ends. The money arrives like a salary, helping cover bills, food, childcare and the mortgage.

Easier Budgeting for Your Family

A steady monthly payment is often simpler to live on than a single large payout. Your family knows exactly what arrives each month and for how long, with no large sum to manage or make last.

Often Lower Premiums

Because the total remaining payout reduces as the term goes on, family income benefit insurance often costs less than an equivalent lump-sum policy. A broker compares leading UK insurers to get your best price.

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How It Works

Getting insurance quotes is simple. Here's how the process works.

Complete the Form

Answer a few simple questions about yourself and the level of cover you're looking for. It only takes a couple of minutes.

Receive a Callback

A specialist broker will call you back to discuss your requirements and answer any questions you may have.

Compare Your Options

The broker will present quotes from leading insurers so you can compare options and choose the cover that's right for you. There's no obligation to proceed.

Family Income Benefit vs Lump Sum Term Life

Both are term life insurance. The difference is how the payout reaches your family.

Feature	Family Income Benefit	Lump Sum Term Life
Payout shape	A regular monthly income paid until the end of the term	One single lump sum payout
Budgeting	Arrives like a salary, so it is simple to plan around	Your family manages one large sum themselves
Typical cost	Often lower, as the remaining total payout reduces over time	Typically higher for an equivalent level of protection

A broker will call to discuss which option suits your family.

Family Income Benefit FAQs

Common questions about family income benefit policies.

Family income benefit is a type of term life insurance. Instead of paying one lump sum, it pays your family a regular monthly income from a successful claim until the end of the policy term. It is designed to replace the everyday income your family would lose if you were no longer there.

Both pay out if you die during the policy term. A lump sum policy pays one large amount that your family manages themselves. A family income benefit policy spreads the payout into monthly payments, which many families find easier to budget with. Because the total remaining payout reduces over the term, family income benefit is often the cheaper option for a similar level of protection.

Payments run from a successful claim until the end of the policy term, not for a fixed number of years. On a 20-year policy, a claim in year 5 would pay a monthly income for the remaining 15 years, while a claim in year 18 would pay for 2 years. Many parents set the term to end once their youngest child reaches independence.

No. Despite the name, family income benefit is a type of life insurance that you take out with an insurer and pay for with a monthly premium. It is not a state or government payment of any kind. A broker will call to compare family income benefit quotes from leading UK insurers.