Financial peace of mind
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 living expenses, bills, holidays, clubs etc.
Paying a lump sum to cover the likes of funeral expenses, borrowings or just cope with the immediate impact of a death.
Paying a lump sum to cover the impact of a family members death, including inheritance tax planning.
Insurance for illness or injury
Critical illness cover to pay a lump sum to help with the impact of being diagnosed with a critical illness, such as cancer and help towards making any changes around the home or household.
Income protection paying a monthly sum to cover living expenses, bills, holidays, clubs 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 is a type of life or critical illness insurance that pays a monthly income, closely aligned with your calculated monthly living costs. Quite often taken alongside a traditional single lump sum life insurance used to pay off borrowings, such as a mortgage.
This can include paying ongoing rent, utility bills, vehicle payments, food and other day-to-day living expenses. Benefits paid tax free and in addition to any state benefits directly to your surviving family.
Did you know?
While the name suggests it is an insurance for families, many of our customers don’t have dependants and have the cover in place for partners alongside a life insurance policy.
How does family income benefit work?
Starting a family income benefit policy is easy with us. We deal with you directly, and take the time to understand your unique circumstances, including:
- Your personal and family details
- Health and lifestyle
- Employment and income
- Monthly commitments.
We then source the best cover available on the market from reputable insurers at the most competitive prices. We only use insurers that we would want to deal with ourselves and that put you first.
How is family income benefit calculated?
A typical family income benefit policy is less than you think. Your 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 provider, we have access to all the insurance companies in the UK. This means we offer one of the best ways for you to get an accurate and competitive family income benefit quote.
When should I consider family income benefit?
Our family protection insurance products are designed to reflect your lifestyle and monthly financial commitments, so if the worst happens you have the appropriate insurance cover in place.
Common insurance policies, such as life and critical illness insurance, might pay off your mortgage but, with living expenses and utilities costing on average £2,538 a month, this is where insurance products, such as family income benefit, really come in handy.
Here to help pay your monthly financial commitments, we recommend taking out family income protection when you:
Start a family
Live with a partner or spouse
Changing jobs or promotion
Hazardous occupations & sports
We are one of the UK’s market leaders in insuring hazardous occupations and sports. So, if your profession is a little outside the norm, or you’re an adrenaline junky in your free time, then we have you Properly Protected.FIND OUT MORE
How we can help
Here at Properly Protected, we specialise in family 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 we offer insurance plans that are tailored specifically to your cover and cost requirements.
Get family income benefit and other personal insurance including life insurance, critical illness, and income protection as you need it, at a price to suit you. Get in touch with the Properly Protected team today for a free quote!LET'S TALK
The above cover is available across several different policies and all cover is subject to underwriting and individual circumstances.