Life and Critical Illness Insurance

Help protect your family with insurance that can provide financial support if you were to die or suffered a serious illness or injury.

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Financial Peace of Mind

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Insurance if you pass away

  • Life insurance paying a lump sum to pay off a mortgage.
  • Family Income Benefit paying a monthly income to cover on-going living expenses, bills, holidays, clubs etc.
  • Policies paying a lump sum to cover the likes of funeral expenses and borrowings, or just to help your loved ones cope with the immediate impact of your death.
  • Receive a lump sum to cover the impact of a family members death, including inheritance tax planning.
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Insurance for illness or injury

  • Critical Illness Cover to pay a lump sum to help with the financial impact of being diagnosed with a critical illness, for instance cancer, such as making changes to the home or additional care support.
  • Income protection that pays a percentage of your working income while you are unable to work, to help cover living expenses, bills, holidays etc
  • Total Permanent Disability benefit, paying out one agreed lump sum if you suffer a ‘total and permanent disability’ due to illness or injury.

What is Family Income Benefit?

Family Income Benefit, or FIB for short, is a type of life or critical illness insurance that pays a monthly income, and is closely aligned with your calculated monthly living costs.

Family Income Benefit is quite often taken alongside a traditional single lump sum life insurance plan, that would be used to pay off borrowings, such as a mortgage.

The monthly, tax-free payments provided by a Family Income Benefit policy can help towards paying those remaining ongoing financial commitments, like utility bills, vehicle payments, food and other day-to-day living expenses.

Did you know?

While the name suggests it is an insurance for families, many of our customers don’t have dependants, but still have this type of cover in place for their partners, alongside a life insurance policy.

How does Family Income Benefit work?

We endeavour to make the process of arranging a suitable Family Income Benefit policy as easy as possible. We deal with you directly and, so we can offer you advice that suits your needs, we take the time to understand your unique circumstances, including:

  • Your personal and family details
  • Health and lifestyle
  • Employment and income
  • Monthly commitments

We will then research the whole of the market to identify suitable policies that are available to you, and advise accordingly.

How is Family Income Benefit calculated?

A typical Family Income Benefit policy may cost less than you’d expect! Your monthly premium will depend on a number of factors, including:

  • How much cover you need
  • The term of the policy
  • Your age
  • Your health

As a whole of market insurance adviser, our research into which product is suitable for you will cover those UK Providers who offer this type of plan. This means we can provide you with a competitive quote.

When should I consider Family Income Benefit?

If the worst were to happen, Family Protection insurance products can help financially support your lifestyle and your monthly financial commitments.

Common insurance policies, such as life and critical illness cover, may pay off your mortgage, but with the living expenses of a family of 4 from the East of England costing just over £2,500 a month, this is where insurance products, such as Family Income Benefit, can really come into their own.

There to help pay your monthly financial commitments, considering your need for family income protection could be a ‘to-do’ when you….

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Start a family

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Live with a partner or spouse

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Become self-employed

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Have a change to your job or salary

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Hazardous occupations, sports & hobbies

We are experienced in advising on, and arranging, protection insurance for people involved in hazardous occupations, sports and hobbies. So, if your profession is a little outside the norm, or if you’re a bit of an adrenaline junky in your free time, then we can look to advise you on how to get Properly Protected.

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How we can help

Here at Properly Protected, we specialise in protection insurance for all types of families, business people and sports enthusiasts.

We understand how important protecting your family, income and lifestyle is to you, should the worst happen. Which is why the advice we offer on protection insurance is based on your individual needs and circumstances.

Get advice on family income benefit and other personal insurance including, life insurance, critical illness, and income protection, as you need it. Get in touch with the Properly Protected team today for ‘fee-free’ advice!

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The above cover is available across several different policies and all cover is subject to underwriting and individual circumstances.

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We will be closing for the Christmas period at 1pm on Friday 20th December 2024 and reopening at 9am on Monday 6th January 2025.

For clients requiring urgent assistance during this time, please message us on 07545 107677, leaving your name, date of birth, and brief reason for your contact and we will endeavour to respond within 48 hours.

For all other matters, please email clients@properlyprotected.co.uk and we will action your email upon our return.

Wishing you and yours a Merry Christmas and a very happy & healthy New Year, from us all at Properly Protected.