Family income benefit is a type of life insurance — but instead of paying out a one-off lump sum when you die, it provides your family with a regular monthly income for the rest of the policy term.

Think of it like replacing your monthly pay cheque. If you die 10 years into a 25-year policy, your family receives monthly payments for the remaining 15 years.

For many families, receiving a large lump sum can feel overwhelming — especially when grieving. A regular monthly income means your family can manage day-to-day costs without having to make big financial decisions at a very difficult time.

It’s often more affordable than standard life insurance too, because the total payout reduces over time as the term shortens.

• Monthly, tax-free payments to your family

• Payments continue until the end of the policy term

• Can be used to cover mortgage payments, household bills, childcare, and everyday costs

• Often cheaper than equivalent standard life insurance

• Can be combined with standard life insurance for complete coverage

Let’s find the right cover for your situation — whether that’s family income benefit, life insurance, or a combination of both.