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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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Joseph Harros
As first-time buyers, we had very little knowledge of the mortgage process and found it quite daunting, especially with rising interest rates and uncertainty in the property market. We’re extremely grateful to Dinah and Jo for their support and would highly recommend UK Moneyman to any first-time buyer looking for a professional, knowledgeable and supportive mortgage broker.
29 Oct 2026
Jade Wilmot
As first-time buyers, we had very little knowledge of the mortgage process. We changed properties along the way, and our circumstances made the mortgage process more complex than we initially expected. Dinah and Jo were absolutely brilliant throughout. We would definitely recommend UK Moneyman to anyone looking to set up a mortgage.
29 Oct 2026
Diane A
First class service. Jason and Lizzie helped me immensely getting a good mortgage quickly when I found myself separated. They pulled out all the stops and even spoke to me after hours. Excellent and would highly recommend. I can’t thank them enough. I now have my dream home
28 Oct 2026
Chloe Gathergood
Paula and Jason have been so helpful in getting our first mortgage sorted. They were quick to answer any questions and very helpful with their advice. Thank you very much
23 Oct 2026
Rebecca Joy
Leo and Lizzi were exceptionally helpful. Leo gave us great advise, not just on products available, but on things like bidding on properties, whether we were likely to be approved for more complicated properties etc. Lizzi was very communicative and thorough in processing our application, and after our first sale fell through we didn't hesitate to use UK Moneyman again. Thanks so much to Leo and Lizzi!
15 Oct 2026
Callum Kennedy
Very helpful and informative. Made the process as easy as possible. Would recommend to other
14 Oct 2026
Barry Hall
I had a financial issue that I thought was pretty unique to myself. The help and solution to my financial question has been exceptional in every step of the way. A big thank you to Warren and Joe for all of your patience and technical expertise.
14 Oct 2026
Megan Whitlock
The team working with my profile were amazing, I was in constant communication with them, if I emailed and rang someone responded quickly and they were able to secure my mortgage within 6 weeks from my initial meeting which saved me a lot of messing around and stress. Great service thank you
14 Oct 2026
Linda Chadwick
Amazing company very helpful and patient fantastic staff at the Hull branch nothings to much trouble sorted me a morgage out quickly and efficient i would recommend them 100%
14 Oct 2026
Natalie Rose
We’ve had Elaine Tiernan as our mortgage advisor and she has helped us out so much in the process of being approved with our first mortgage. From working around our working hours to arrange phone calls and online teams meetings to being prompt to respond to our enquiries. Elaine has been nothing but helpful, professional and supportive in our journey this far and we are very grateful to have had her as our mortgage advisor. Thank you to Paula aswell for always checking up on us and ensuring the process was as smooth as possible. Natalie and Liam
13 Oct 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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