Skip to main content
  • 033 33 447 300
  • info@adviserwebsitepro.co.uk
  • Home
  • About Us
  • Services
    • Financial Planning
    • Business Insurance
      • Introduction to Business Insurance
      • Pensions & Capital
      • Key Person
      • Employers' Liability
      • Professional Indemnity
      • Income Protection
      • Share Protection
      • Directors' & Staff Benefits

      Give us a call on 033 33 447 300 or drop us a message!

      CONTACT US TODAY!
    • Wealth Management
      • Introduction to Wealth Management
      • Relationship Management
      • Lasting Power of Attorney
      • Trust Information
      • Wills

      Give us a call on 033 33 447 300 or drop us a message!

      CONTACT US TODAY!
    • Mortgages
      • Introduction to Mortgages
      • Mortgage Repayment
      • First Time Buyer
      • Remortgaging
      • Standard Variable Rate Mortgages
      • Fixed Rate Mortgages
      • Tracker Mortgages
      • Cashback Mortgages
      • Offset Mortgages
      • Second Charge Mortgages
      • Buy to Let
      • Self Build Mortgages

      Give us a call on 033 33 447 300 or drop us a message!

      CONTACT US TODAY!
    • Life Assurance
      • Introduction to Life Assurance
      • Level Term
      • Increasing Term
      • Decreasing Term
      • Renewable Term
      • Family Income Benefit

      Give us a call on 033 33 447 300 or drop us a message!

      CONTACT US TODAY!
    • Health Insurance
      • Introduction to Health Insurance
      • Private Medical
      • Critical Illness
      • Income Protection

      Give us a call on 033 33 447 300 or drop us a message!

      CONTACT US TODAY!
    • General Insurance
      • Introduction to General Insurance
      • Household
      • Shops & Commercial
      • Holiday Insurance
      • Motor
      • Caravan
      • Marine
      • Pet

      Give us a call on 033 33 447 300 or drop us a message!

      CONTACT US TODAY!
    • Equity Release
      • Introduction to Equity Release
      • Types of Equity Release
      • Lifetime Mortgage
      • Drawdown Lifetime Mortgage
      • Home Income Plan
      • Home Reversion Plan
      • Costs

      Give us a call on 033 33 447 300 or drop us a message!

      CONTACT US TODAY!
    • Pensions
      • Introduction to Pensions
      • Occupational
      • Annuities
      • National Employment Savings Trust (NEST)
      • SSAS
      • Personal
      • SIPP
      • State Pension
      • Stakeholder
      • Executive Pension Plan

      Give us a call on 033 33 447 300 or drop us a message!

      CONTACT US TODAY!
    • Savings & Investments
      • Introduction to Savings & Investments
      • Unit Trusts
      • Collectives
      • Equities
      • With-profits
      • Fixed Interest Investments
      • Capital Investment Bonds
      • National Savings Products
      • ISAs
      • Junior ISAs
      • OEICs
      • Investment Trusts
      • Offshore Collectives

      Give us a call on 033 33 447 300 or drop us a message!

      CONTACT US TODAY!
    • Taxation
      • Introduction to Taxation
      • Income Tax
      • Capital Gains Tax
      • Inheritance Tax

      Give us a call on 033 33 447 300 or drop us a message!

      CONTACT US TODAY!
  • Online Services
    • Research Links
    • My Portfolio
  • Testimonials
  • Contact Us
  • Main Menu

  • Home
  • About Us
  • Services
    • Financial Planning
    • Business Insurance
      • Introduction to Business Insurance
      • Pensions & Capital
      • Key Person
      • Employers' Liability
      • Professional Indemnity
      • Income Protection
      • Share Protection
      • Directors' & Staff Benefits
    • Wealth Management
      • Introduction to Wealth Management
      • Relationship Management
      • Lasting Power of Attorney
      • Trust Information
      • Wills
    • Mortgages
      • Introduction to Mortgages
      • Mortgage Repayment
      • First Time Buyer
      • Remortgaging
      • Standard Variable Rate Mortgages
      • Fixed Rate Mortgages
      • Tracker Mortgages
      • Cashback Mortgages
      • Offset Mortgages
      • Second Charge Mortgages
      • Buy to Let
      • Self Build Mortgages
    • Life Assurance
      • Introduction to Life Assurance
      • Level Term
      • Increasing Term
      • Decreasing Term
      • Renewable Term
      • Family Income Benefit
    • Health Insurance
      • Introduction to Health Insurance
      • Private Medical
      • Critical Illness
      • Income Protection
    • General Insurance
      • Introduction to General Insurance
      • Household
      • Shops & Commercial
      • Holiday Insurance
      • Motor
      • Caravan
      • Marine
      • Pet
    • Equity Release
      • Introduction to Equity Release
      • Types of Equity Release
      • Lifetime Mortgage
      • Drawdown Lifetime Mortgage
      • Home Income Plan
      • Home Reversion Plan
      • Costs
    • Pensions
      • Introduction to Pensions
      • Occupational
      • Annuities
      • National Employment Savings Trust (NEST)
      • SSAS
      • Personal
      • SIPP
      • State Pension
      • Stakeholder
      • Executive Pension Plan
    • Savings & Investments
      • Introduction to Savings & Investments
      • Unit Trusts
      • Collectives
      • Equities
      • With-profits
      • Fixed Interest Investments
      • Capital Investment Bonds
      • National Savings Products
      • ISAs
      • Junior ISAs
      • OEICs
      • Investment Trusts
      • Offshore Collectives
    • Taxation
      • Introduction to Taxation
      • Income Tax
      • Capital Gains Tax
      • Inheritance Tax
  • Online Services
    • Research Links
    • My Portfolio
  • Testimonials
  • Contact Us

Give us a call on 033 33 447 300 or drop us a message

Contact Us Today

Family Income Benefit

THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

Family Income Benefit

An often-overlooked type of cover, Family Income Benefit protects a level of income for a fixed term. In the event of death the amount of income chosen at the outset will be paid for the remainder of the term of the plan. Often the term is set to protect you until your youngest child is 18 or 21. This protection is not as expensive as you may think.

Depending on your circumstances, indexation might be an option for this type of plan to protect the purchasing power, although the benefit can be level. If indexation is elected at the outset, the premiums and benefit would rise annually, normally by Retail Price Index.

Family Income Benefit is one of the least expensive forms of life insurance and differs from most other types in that it is designed to pay the benefit, in the event of death, as an income rather than a lump sum, although there may be the option of taking a lump sum depending on the policy.

Regular Tax Free Income Payments

In the event of a claim, income can be paid monthly, quarterly or annually and under current rules the income is tax-free. This makes it ideal for Family Protection where a family are looking to insure the main breadwinner over a specific term, for example to his or her retirement age.

Extra Cover Options

Family Income Benefit can also include Critical Illness Insurance which is designed to pay the selected income if the policyholder is diagnosed with a critical illness within the chosen term. Critical illness conditions vary from insurer to insurer but in general include such conditions as some forms of cancer, some forms of heart attack, and stroke etc. In addition to these "core conditions" applicants can also select comprehensive cover which usually includes 41 to 44 additional conditions.

Family Income Benefit therefore should be considered when looking to effect insurance for Family Protection. Family Income Benefit is a low cost, tax efficient solution to Family Protection.

Please be aware that this type of assurance is based on an assessment of the health of the applicant.

PROTECTION ENQUIRY FORM

Your Address

Cover Required

Lives Assured

1st Life Assured

2nd Life Assured

Marketing Information

Sensitive Personal Data

We may need to collect sensitive personal data including information about your health, ethnic origin, or criminal prosecutions from third parties such as employers and credit reference agencies, fraud prevention agencies and other similar organisations in order to provide you with the services, for example where you require advice on protection or mortgages products.

If you consent to us obtaining your sensitive personal data from third parties referred to above for the purpose of providing you with the services, and sharing it with third party providers to obtain quotes on your behalf, for example where we are providing you with mortgage or protection advice as part of our services, please tick this box.

Submit your Information

From time to time, we would like to contact you with details about our services, products, business updates and events. If you consent to us contacting you for this purpose please tick to say how you would like us to contact you:

Email
Telephone
Post
Yes please, I'd like to hear about offers and services.
No thanks, I don't want to hear about offers and services.
Please tick this box to confirm you have read and understood our privacy policy.

THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

Family Income Benefit

An often-overlooked type of cover, Family Income Benefit protects a level of income for a fixed term. In the event of death the amount of income chosen at the outset will be paid for the remainder of the term of the plan. Often the term is set to protect you until your youngest child is 18 or 21. This protection is not as expensive as you may think.

Depending on your circumstances, indexation might be an option for this type of plan to protect the purchasing power, although the benefit can be level. If indexation is elected at the outset, the premiums and benefit would rise annually, normally by Retail Price Index.

Family Income Benefit is one of the least expensive forms of life insurance and differs from most other types in that it is designed to pay the benefit, in the event of death, as an income rather than a lump sum, although there may be the option of taking a lump sum depending on the policy.

Regular Tax Free Income Payments

In the event of a claim, income can be paid monthly, quarterly or annually and under current rules the income is tax-free. This makes it ideal for Family Protection where a family are looking to insure the main breadwinner over a specific term, for example to his or her retirement age.

Extra Cover Options

Family Income Benefit can also include Critical Illness Insurance which is designed to pay the selected income if the policyholder is diagnosed with a critical illness within the chosen term. Critical illness conditions vary from insurer to insurer but in general include such conditions as some forms of cancer, some forms of heart attack, and stroke etc. In addition to these "core conditions" applicants can also select comprehensive cover which usually includes 41 to 44 additional conditions.

Family Income Benefit therefore should be considered when looking to effect insurance for Family Protection. Family Income Benefit is a low cost, tax efficient solution to Family Protection.

Please be aware that this type of assurance is based on an assessment of the health of the applicant.

PROTECTION ENQUIRY FORM

Your Address

Cover Required

Lives Assured

1st Life Assured

2nd Life Assured

Marketing Information

Sensitive Personal Data

We may need to collect sensitive personal data including information about your health, ethnic origin, or criminal prosecutions from third parties such as employers and credit reference agencies, fraud prevention agencies and other similar organisations in order to provide you with the services, for example where you require advice on protection or mortgages products.

If you consent to us obtaining your sensitive personal data from third parties referred to above for the purpose of providing you with the services, and sharing it with third party providers to obtain quotes on your behalf, for example where we are providing you with mortgage or protection advice as part of our services, please tick this box.

Submit your Information

From time to time, we would like to contact you with details about our services, products, business updates and events. If you consent to us contacting you for this purpose please tick to say how you would like us to contact you:

Email
Telephone
Post
Yes please, I'd like to hear about offers and services.
No thanks, I don't want to hear about offers and services.
Please tick this box to confirm you have read and understood our privacy policy.

Read less

Registered office address: {Reg Address 1}, {Reg Address 2}, {Reg City}, {Reg County}, {Reg Postcode}

Registered in England and Wales under reference {Reg No}

Adviser Pro 1601 Demo is an appointed representative of <Network Name>, which is authorised and regulated by the Financial Conduct Authority.

<Network Name> is entered on the Financial Services Register (www.fca.org.uk/register) under reference {Network FCA Reference No}.

Registered Office: Financial Gold 1601 Demo, 192B Station Road, Edgware, Middlesex, HA8 7AR

Copyright 2021 - Website Design & Development by Adviser Pro