Family Income Benefit
A regular monthly income for your family — often more practical than a lump sum.
Family income benefit is a form of life insurance that pays a regular monthly income to your family if you die, rather than a one-off lump sum. For many families, a regular income is more practical and easier to manage than a large lump sum — and premiums are often lower than equivalent term life insurance.
What is Family Income Benefit?
Family income benefit pays a monthly income to your beneficiaries from the date of your death until the end of the policy term. For example, if you take out a 20-year policy and die in year 5, your family receives a monthly income for the remaining 15 years. Because the potential payout decreases over time, premiums are typically lower than level term life insurance.
Who is it suitable for?
Key Benefits
Example Scenarios
Young family
A parent with two young children takes out a 20-year family income benefit policy paying £3,000 per month. If they die, their family receives £3,000 per month until the youngest child is grown — replacing the lost income.
Affordable cover for a tight budget
A family on a tight budget needs life insurance but finds lump sum policies expensive. Family income benefit provides meaningful cover at a lower premium, fitting within their monthly budget.
Ready to get the right cover in place?
Speak with an independent adviser — no broker fees, no obligation.
Book a Free Consultation
Speak with an independent adviser at a time that suits you.
Why Choose JK Insurance Brokers?
- Whole-of-market access
- FCA authorised & regulated
- No broker fees
- Business protection specialists
- Personal, one-to-one service
- UK-wide advice