Family Income Benefit Insurance Brokers

Protecting you when it matters most

What is family income benefit?

Family Income Benefit is there to provide a tax-free monthly sum of money to a person of your choice in the event of your death or, if chosen, diagnosis of a specified Critical Illness during a specified time period.

Whilst you may have set up life insurance to cover a larger financial liability like a mortgage, which will help in keeping a roof over your family’s head, they may still struggle to meet everyday living costs, even if the mortgage has been paid off.

Is family income benefit for me?

This type of plan is designed for those who are looking for a monthly income to provide support to their family in the event of their death or diagnosis of a specified critical illness.

Premiums are guaranteed throughout the term and the inflation-linked cover is available to protect income in the longer term. Other benefits include terminal illness benefits and a “pay my mortgage” facility.

    Additional benefits

    Protection insurance policies now typically offer many added features and benefits to increase the level of cover offered. Some of these are contractual and boost the coverage offered, others are offered in addition to the core product and can be used irrespective of whether there is a claim made. They can include things like:

    • Health MOTs

    • Access to remote GPs 24/7

    • Retail discounts

    • Gym and fitness device discounts

    • Physiotherapy

    • Counselling and bereavement support

    • Legal helplines

    • Second medical opinion services

    Next Steps

    Get expert advice

    iMAB have specialist insurance advisers who will review your personal and financial information to provide you with a recommendation. There is no fee for this advice or for handling any insurance application. The adviser will answer all your questions and will talk you through the different types of insurance options available and help you understand which are most suitable for your needs. At iMAB we believe that it’s our Mortgage Advisers’ job to help you buy your dream home, and it’s our Insurance Specialists’ job to make sure you understand what insurance policies are available to help you keep it – whatever life throws at you!

    Coming to a decision

    We understand that making a decision on what cover you should take to protect yourself and your family is important, and that’s why we encourage you to take your time and to ask your adviser as many questions as you like. Apart from buildings insurance, no other insurance policy is compulsory to take alongside your mortgage. Our advisers will only recommend the cover they feel is appropriate for you and your family. They will also make sure that any policies you choose to take are affordable and so will need you to confirm a budget you are comfortable paying.

    Make an application

    Once you have decided on the cover you wish to take, your adviser will compare all the relevant products available to you and will recommend the package which is most suitable and fits within your budget. They will provide you with a written illustration confirming all the key facts about the recommended product(s) and will carefully talk this through with you. If you then confirm you would like us to apply for the cover on your behalf, your adviser will arrange a mutually convenient time to do this with you.

    Get in touch

    Our team of friendly advisers are on hand to answer any questions you may have.

    Email Us

    Would you like to give us a little more detail about your enquiry? Or would you prefer to arrange a face to face appointment? Send us an email and one of our advisers will be in touch.

    Book an Appointment

    You can book a video or telephone appointment via our online diary system. Or, if you would like to speak to a specific adviser, you can contact them through the Our People page. Face to Face appointments are also available. Please contact us for details.

    Call Us

    Do you have a quick question or would you like to arrange a face to face appointment? Give us a call and we’ll be happy to help.