Family Income Benefit
Family Income Benefit pays your loved ones a regular income if you pass away during the policy term. It helps them maintain stability and meet everyday costs without financial strain.
When should I think about Family Income Benefit?
Family Income Benefit is ideal to consider if you have dependants who rely on your income - particularly when starting a family, buying a home, or planning long-term financial security. It’s designed to provide your loved ones with a regular income rather than a single lump sum if you pass away during the policy term.
This makes it especially useful for young families who want to make sure everyday costs like childcare, bills, and living expenses are covered for years to come.
Why is Family Income Benefit important?
Unlike traditional life insurance that pays out one large sum, Family Income Benefit provides ongoing monthly payments for the remainder of the policy term. That means your family continues to receive a regular income, helping them maintain their standard of living without financial disruption.
It’s simple, affordable, and realistic - offering stability and reassurance when your loved ones need it most. The cover can help with mortgage payments, school costs, and daily expenses, keeping life as normal as possible even after the loss of an income.
What if I do not have Family Income Benefit?
Without Family Income Benefit, your family might receive a lump sum from a standard life policy - but managing that money over the long term can be difficult, especially during an emotional time. Without any cover at all, they could face real financial hardship if your income suddenly stopped.
Family Income Benefit helps prevent that uncertainty. It ensures a steady flow of income, protecting your family’s financial wellbeing and giving them time, space, and security to adjust to life without added financial stress.
If looking after your loved ones is important to you
Ready to take the next step? Get in touch with the KeyFS team today to talk through your options. We’ll listen, understand your needs, and help you find the right protection to give you and your family complete peace of mind.
Insurance answers
We know talking about insurance isn’t always easy, but protecting your family’s future is one of the most important financial decisions you can make. At KeyFS, we’re here to make it simple, clear, and completely transparent.
Paul and Aynsley help families every day to find cover that gives peace of mind - whether that’s life insurance, critical illness cover, or income protection. Below, we’ve answered some of the most common questions people ask when thinking about protecting the people who matter most.
Because the benefit reduces over time, Family Income Benefit is usually cheaper than traditional life cover, while still offering meaningful protection.
You can tailor the policy to cover the years your children are growing up, until your mortgage ends, or until your partner retires — whatever fits your family’s needs.
If you're the main earner, this cover can act as a financial lifeline, keeping your household running and helping your family maintain their standard of living.
Unlike traditional life insurance, Family Income Benefit provides a monthly income to your loved ones, helping them manage day-to-day expenses if you're no longer around.
It's time to make the right choice for yourself and your family.
Choosing the right protection can feel overwhelming, especially with so many types of cover and insurers to choose from. That’s why taking expert advice matters.
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