Saving YOU money on Family Income Benefit Insurance Quotes

In a nutshell - benefits paid monthly, may be cheaper than straight life insurance, can add critical illness cover

Take out Family Income Benefit to insure your family have a continuing level of financial support if the bread winner dies.

This insurance policy is very similar to normal life insurance, except the benefits will be paid out as monthly income, instead of a lump sum,  if the insured person dies.    

The monthly income continues at the same level until your chosen policy termination date - however it is possible to take out a policy where the benefits are index-linked instead of paying out a flat rate. 

This sort of life insurance can be cheaper than the usual lump sum life insurance and may well provide you with a low cost  family protection option.  

Save Money on Family Income Benefit Insurance!     

The reason that it is cheaper is because the potential payout that the insurance provider needs to make will decrease the further through the policy you get before any claim i.e. if you take out a policy designd to give income of £12,000 per year or £1,000 per month  and the cover will lexpire in 20 years - if the insured dies at the end of the first year, the payouts would be 19 years of £12,000 (£228,000) - but if the insured survives for 15 years, the payouts would only be 5 x £12,000  or a total of £60,000.  

Although this may not seem very good value - the overall cost of Family Income Benefit can mean that you can afford to make better provision for your family,  than by utilising a normal life insurance.

The policy does not include any investment part and therefore will never acquire a surrender value.  

Family income benefit is available as either a single or joint policy.

Some providers will allow you to add critical illness benefits to your policy.

60 seconds to discounted Family Income Benefit Insurance quotes