Family income benefit is designed to pay out a monthly or annual lump sum to cover your family’s day to day living costs meaning that the money is more manageable.
It can be a more suitable and cost-effective product for your needs than a lump sum payout. It can also be taken out alongside a policy designed to pay off a mortgage.
A regular income could be more straightforward for your loved ones to manage, which means they don’t have to worry about dealing with a large one-off payment which could easily be mismanaged.
Click here to get fee free expert advice and a no obligation quotation.