Family income benefit insurance can be a convenient insurance policy to have whether you are self-employed or employed by a company. Similar to life insurance cover, family income benefit insurance will provide loved ones with a monthly payment should you die during the term of the policy.
Family income benefit insurance can be a convenient insurance policy to have whether you are self-employed or employed by a company. Similar to life insurance cover, family income benefit insurance will provide loved ones with a monthly payment should you die during the term of the policy.
Family income benefit insurance covers you for a pre-determined term, and claims can only be made during this time. If a claim is made, your loved ones will receive a monthly payment as opposed to a lump sum. The longer into your policy that the claim is made, the fewer monthly payments your loved ones will receive. This is an important difference to a standard life insurance policy. If you survive the policy, there are no payments or refunds.
There are benefits to family income benefit insurance vs life insurance, particularly if the policyholder has a young family. If they die during the term, the monthly payments will help the family cover their costs of living including mortgage, utilities, and childcare payments, rather than receiving a lump sum as with a life insurance policy that they would then have to manage. The cost of family income benefit insurance can often be cheaper than for a life insurance policy, further benefitting policyholders with a young family.
Finding a policy that works for you and your family can be tricky and emotional, in figuring out how much cover your family might need as well as which type of cover. Active Mortgages has a team who specialise in both life insurance and family income benefit insurance and work daily with clients who want to protect their families in the event of their death. By using one of Active Mortgages’ experienced insurance advisers, you can feel confident that you are getting the right advice.
Active Mortgages will take time to listen to your personal circumstances and how much you can afford to pay as well as the length of the term you might need. Our experts will take this information and find you the right cover and the perfect deal to suit you and your family.
Booking a consultation is easy, simply click or call to…
EXCELLENT Based on 100 reviews Daniel Couchman12 January 2024 This review is long overdue - Active mortgages got us our dream home! I spoke with around 7 different brokers from different companies which didn’t know what they were talking about but then I found Simon at active - he was straight to the point and got us the best deal and the highest amount possible. I got a bit impatient at one point but that was due to the banks taking ages to process everything - active were calm and reassured us. Highly recommended. Excellent from start to finish Even sent us a gift for Xmas - thank you! Meena Kanagavel2 January 2024 Jamie Murray from Active Mortgages has been amazing in setting up the VAT loan, whilst we purchased our Land. Right from the start, Jamie has been proactive in finding the correct (BEST) deals for us and ensured everyone is aligned to complete on time. Highly recommend using Active Mortgages, and we would certainly be using them again for future projects.Thanks once again Jamie for all your support throughout Dec, appreciate your efforts in making sure our purchase was done on time. Many thanks Meena (and Mark Jones) Stefan Stancila21 December 2023 Comprehensive advice from Jamie & easy communication through remortgage process . Recommend! Yasmin Bates20 December 2023 Jamie has made the whole process of buying a house very straightforward, especially for self employed. Would 100% recommend and would use again too! Gerard19 December 2023 Good experience, helped us every step of the way. darren john coggins12 December 2023 Dan has been great from start to finish. As a first time buyer it can be quite overwhelming and confusing but Dan has went above and beyond. His process was very easy, efficient and we could not recommend him enough! FUNMI AKINLAMI7 December 2023 Excellent service, hard working staff akinlami akinwale7 December 2023 Excellent service, very patient and willing to help staff Michael Bennett5 December 2023 Dan has been great from the first phone call. He has made everything simple and taken the time to explain everything to me as a first time buyer, answering any questions I have along the way, highly recommend james whitaker31 October 2023 Great professional service highly recommended for anything financial
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Book a call with one of our team to talk about your requirements.