Family Income Benefit

Family is important; that’s why it’s best to get expert advice to help protect what matters, when it matters!

Household bills will always need to be paid. The sudden loss of income can make it tough to manage these and other regular expenses.

A family Income Benefit plan can protect your family from the financial implications of a personal tragedy.

What is it?

A life insurance policy that pays out a regular monthly, tax free income for the remaining partner and dependents in the event of death.

Critical illness cover can be added as an additional option, whereby the monthly income payments would commence in the event of being diagnosed with a qualifying critical illness.

Who is it for?

It is designed for those who want to ensure that in the event of their death within a specified time period, their family will receive a regular monthly income, thereby ensuring that they maintain their current standard of living.

It is particularly important if you have young children or dependents.

If you have a young family, you might want the cover to run until your children are grown up, using the income for everyday expenses or something more specific, such as school or university fees.

For more information, call us on 01608 690740 or email admin@cotswoldmortgagesolution.co.uk.