Family Income Benefit is essentially a way of looking after your family’s living costs if something happens to you.
If you died or became critically ill, your family’s financial situation could significantly change. They may face sudden short-term expenses such as medical bills or funeral costs, a drop in household income or an increase in outgoings – for example, childcare costs so they can go to work.
This type of cover can be taken out alongside life cover, critical illness cover or income protection and will provide you with a regular sum of money in either monthly or annual instalments. We can calculate your monthly expenditures to work out exactly how much your family would need in the event of your death or if you suffered a critical illness.
The cover can be relatively inexpensive and can really help make it easier for your family to keep up with their living costs and maintain their lifestyles.