A Family Income Benefit policy is a rapidly increasing product. When families are catering for Life and Critical Illness scenarios, they are looking beyond to discover how to protect their families further.

Family Income Benefit has similar benefits to Life Insurance but varies in that its claims are paid out monthly instead of a lump sum. A Family Income Benefit policy provides the annual sum assured every month on the policyholder’s death. So, for example, a £50,000 Family Income Benefit policy arranged for 30 years would pay a total of 30 years of £4,166.66 per month for 30 years if the policy owner passes away in the first year of the plan.

Our specialists at Soul Mortgages can provide you with the guidance and advice to ensure that you have the appropriate cover in place to meet your family’s needs in the future should the unexpected happen.