What is family income benefit

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What is Family Income Life Insurance?

Family income life insurance pays a regular tax free income to your surviving dependants if you die during the remaining term of the policy. So, for example, if you took out a ten year policy and died after five years the income would be paid for the remaining five years then stop.

Family income life insurance is exactly like term life insurance, except that it pays a regular income rather than a lump sum. Also, like term life insurance there is no investment element, so if you are alive at the end of the term you will receive no money back.

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Life Saver is a trading name of Clarity Financial Advice Ltd. Registered in England no. 5615986. Registered Office: 5 Riverside Studios, Mill Lane, Dronfield, Derbyshire S18 2XL. Clarity Financial Advice Ltd is an appointed representative of Mint Financial Services Ltd which is authorised and regulated by the Financial Services Authority. Mint Financial Services Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 217742.

The life insurance advice and/or guidance contained within this web site is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK. Information on this site does not constitute personalised advice. Always consult a professional independent financial adviser before taking any action.

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