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Family Income Benefit provides financial support to your family when you pass away. It will only be paid out if you pass away during your term policy.
Family Income Benefit usually pays out in monthly instalments so that your family can receive a regular income for a set period of time. Just like life insurance, you can define the length of your term upon taking out a Family Income Benefit policy. You will find that the longer the term of your policy, the more premiums you are likely to pay per month.
Since Family Income Benefit is paid out in monthly instalments instead of a lump-sum, the amount that is released gets lower the further you go into your term. For example, if you are 40 years old and you took out your 20-year term policy when you were 30, your family will receive payments for the next 10 years if you pass away at this age.
Your protection & mortgage advisor in Londonwill discuss with you whether Family Income Benefit benefit is the best route for you to take and how it works. They will also discuss your policy options and look at factors such as your lifestyle, age and medical history as they could affect your premiums. This can all be completed within our free initial insurance review.
If you feel like your family would benefit from your financial support if you were to pass away, this insurance could be the most suitable option for you.
If your children are younger, Family Income Benefit would provide them with financial income when you pass away. Depending on your policy, it may also be a cheaper alternative to life insurance.
As a mortgage broker in London, we have found that people often take out Family Income Benefit and Critical Illness cover together. This is because sometimes it can work out cheaper to take them out together rather than separately.
Our protection & mortgage advisors in London are here to help you find the most suitable policy for your personal and financial situation. You could also consider a menu plan if you were thinking of taking out more than one insurance policy.
Have a conversation with one our expert insurance specialists in London. They’ll guide you through the expenses associated with your Family Income Benefit policy, explaining how costs may vary based on your chosen term length. Your premiums will be influenced by factors such as lifestyle, age, and medical history.
Our Mortgage and Protection Advisors in London are ready to assist in identifying a policy that aligns with your unique personal and financial circumstances. Additionally, if you’re considering multiple insurance policies, we can explore setting up a tailored menu plan for you.
For insurance business we offer products from a range of insurers.
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Adam Bateman
Just wanted to comment on the experience I have had dealing with uk moneyman for my re mortgage. The team have been excellent throughout, special shout out to Stacy Waudby who has been a pleasure to deal with and has really been pro-active and helpful. I would definitely recommend them to anybody looking for independent mortgage advice
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Ami has been great. She explained everything clearly and answered all of our questions (silly or not). Communication was great, genuinely couldn't recommend this service or our advisor Ami more.
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UK Moneyman have helped with my mortgage and remortgage for many years. Always really helpful and knowledgeable. My latest remortgage was done with Conor, who was great at making sure I was getting not just the best deal, but the right deal for my needs.
22 May 2026
Victor Abrams
I found Warren Bailey to be a very helpful and knowledgeable advisor when I discussed with him the potential options for a retirement mortgage . He had contacted me within a day of my seeking an initial conversation with him , and he reassured me there were lenders out there who would consider a mortgage paid out of pension , despite my own bank nort even talking to me as I was over 70 ! Within a couple days Warren had led me through the onboarding process , had explained what documents were needed and had found me a lender suited to my requirements. An excellent experience, and I would recommend him strongly to people looking for a retirement mortgage, and generally . Victor Abrams
15 May 2026
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We would have given them 20 stars. Both Warren & Lizzi have worked so hard on our behalf, in what has not been the smoothest of circumstances. They have been so professional and kept us updated. Would thoroughly recommend this company. With grateful thanks in getting us our mortgage.
12 May 2026
Abdul khaliq Mayar
I would highly recommend UK Money Man, especially Matthew Collinson and Paula. They have done an amazing job for me from start to finish. My previous mortgage broker got my application declined through TMW, and I was very stressed and worried. When I came to UK Money Man, they completely changed the game for me. Matthew was always helpful, professional, and kept me updated at every stage — even on his day off. That level of service really meant a lot to me. Paula was also fantastic and worked hard on my application. Thanks to their hard work and support, my mortgage was approved. I truly appreciate everything they have done for me and my family. I would definitely recommend Matthew, Paula, and UK Money Man to anyone looking for a reliable and supportive mortgage broker.
11 May 2026
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Amazing company! Used them many times since 2018 and always a high standard of service! Would definitely recommend!
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William Thompson
I would like to say Thankyou to Jonathan and Dan for giving me an easy experience in sorting out my equity release.They were polite,friendly and very professional in their duties,and they made everything as easy as possible for me
29 Apr 2026
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The team at UK Moneyman, especially Stacey Waudby and Matt Collinson, were fantastic. They have been really helpful throughout the process and in keeping me in the loop, with any update regarding the application
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Great service, very professional and I felt my adviser really was interested in helping me get the best deal for a repayment mortgage for my age group.
29 Mar 2026
Discuss with a dedicated protection advisor about possible relevant insurances you would like to take or that we can suggest to you.
Your protection advisor in London will run through you health background with you, gathering some initial information.
We will build a tailored plan surrounding your current personal and financial circumstances, meeting your available monthly budget.
Our team can search through 1000s of insurance products to find the most suitable one, to protect you and your family.
Once we have found the appropriate product for you and you are happy to proceed, we will submit your application to the provider.
From time to time, the policy provider may come back to us for further information, before they will look at accepting the application.
If you took out your mortgage with us too, we will be back in touch with you at remortgage time. We will also take this time to review any policies you have in place.
Circumstances change and the policies you took out at the start of your mortgage, may no longer be suitable for you at remortgage time.
It’s simple and easy to book your free initial insurance review online! Simply enquire online and pick a date and time that suits you.
Our protection advisors in London are available 7 days a week and will be happy to answer any of your insurance-related questions.
We have many different lenders that offer various types of insurance products, not just Family Income Benefit.
If you are thinking of taking out other insurances alongside Family Income Benefit, we can discuss your options and see whether we can create a personal menu plan to include products such as Critical Illness Cover, Life Insurance or
We will try and find the most suitable product for your personal and financial situation. Your advisor will look at many different factors when trying to find your Family Income Benefit deal, this could include lifestyle, health and whether you drink or smoke.
We know how important it is to protect you and your family, so if anything bad happens to your health, you are covered.
Our team will also go through the policies terms and conditions with you and make sure that you are happy with how it works and when it pays out. They will also look at your term with you and help you decide the length of the policy.
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Londonmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Londonmoneyman 2009–2026
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Londonmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Londonmoneyman 2009–2026
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