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Family Income Insurance

Protecting your family is something we all strive to do, even when we aren’t around to do it ourselves anymore. Life insurance and Family Income Benefit insurance can help you make sure that if you pass away, your family and loved ones won’t have to worry about more than they need to. If you pass away during the policy term, you can feel confident that your family will still receive regular payments and be able to support themselves in the long-term. As well as keeping your loved ones afloat during a difficult time, a Family Income insurance policy can help them put money away on a regular basis and provides the stability they’ll need if the worst comes to pass.

 

Here at Avail Mortgages, we understand that thinking about life insurance and family income insurance isn’t always easy, which is why we are here to help. Our team of expert insurance brokers have the knowledge, expertise and understanding to help you find a policy that best protects your loved ones and makes sense for your circumstances. Customers in the Harrogate, Bradford and York area trust us to help them find an affordable family income insurance policy that works for them, as we work with some of the UK’s top insurers, including Zurich, Aviva, Royal London and many more. To get started planning for your future and the future of your family, get in touch with our team today.

 

What is Family Income Benefit Insurance?

In lots of ways, a Life insurance policy and Family income benefit insurance policy are very similar – they help to financially protect your beneficiaries in case of your death. The main difference between Family income benefit insurance and a regular life insurance policy is how your payout is divided up. If you pass away over the term of a life insurance policy, your family will receive a lump sum soon after, while a family income benefit replaces the cost of your monthly income for your family until the policy ends. For example, if you take out a 20-year family income benefit policy and pass away 10 years later, your family will receive regular (usually monthly) payments for the next 10 years, until the policy expires. You can also get family income benefit insurance that covers critical illness.

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Get In Touch

To find out more about family income insurance, see if it is the right policy, or to work with one of our brokers to get the most suitable family income cover for you, we encourage you to get in touch with our experienced team. We help clients in areas including Leeds and Bradford feel safe and confident that their family will be protected no matter what.