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Level and Decreasing Life Insurance for Mortgage and Family Protection

  • Up to 25% cheaper than going direct*
  • Free Will worth £150 with every policy*
  • 5 Star TrustPilot Rating

Critical Illness Cover will pay out upon diagnosis of a critical illness

  • Up to 25% cheaper than going direct*
  • Free Will worth £150 with every policy*
  • 5 Star TrustPilot Rating

Whole of life policies cover funeral arrangements, inheritance and tax bills

  • Up to 25% cheaper than going direct*
  • Free Will worth £150 with every policy*
  • 5 Star TrustPilot Rating

Over 50's plans are suitable for people with pre-existing medical conditions

  • Up to 25% cheaper than going direct*
  • Free Will worth £150 with every policy*
  • 5 Star TrustPilot Rating

Family Income Benefit

Family income benefit is a term assurance policy (restricted to a specific term - a set amount of years) that protects a family's income and instead of paying a lump sum upon death, the policy will pay a monthly income for the remaining term of the policy.

So for example, instead of covering yourself for £100,000 over 10 years as a lump sum (level term assurance), you would cover yourself for £10,000 per year over 10 years. This would pay out £100,000 (£10,000 per year for 10 years) if you died at the start of the plan, £50,000 if you died in year 5 (£10,000 for 5 years) and £10,000 if you died at the start of year 9 (£10,000 for 1 year).

This policy is typically cheaper than a level term assurance policy but the benefit is reducing so that if you have a 10 year plan and die in year 10 the policy will only pay out for 12 months unlike a level term policy that will guarantee to pay the same amount no matter what point you die during the policy.

This type of policy is typically used for family protection where affordability is an issue and a spouse or partner would struggle to survive if their partner's income was lost.

Use the form above to compare life insurance quotes for family income benefit!

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