Family Income Benefit

Family income benefit is a type of life insurance  policy known as term insurance, the policy lasts for a set time known as the term. A family income benefit policy will pay out a monthly tax-free income if you die during the term, until the policy matures.   

"Have peace of mind knowing that household expenses will be protected"


The monthly payment from a family income benefit policy is paid from when you die until the end of the policy term. Once the term ends, cover and any payments cease. So if you take out a 20-year policy and pass away five years into it, your family will receive a regular monthly income for the remaining 15 years. If you were to pass away 16 years into the policy, it will pay out for the remaining four years.

How does family

income insurance work?

Monthly premiums are based on the amount of income chosen, how long you want it for, your age, health and lifestyle. You can typically choose a level income (where the monthly income payment remains the same), or pay more for it to rise by a set amount each year. This is where we will come in and assist.

This greatly depends on your own circumstances. For example, if you have a young family, you might want cover to be in place until your children are a certain age, using the income for everyday expenses or specific items such as school or university fees.

To decide how much cover you want, try to work out how much your family is likely to need each  month. It’s a good idea to factor in inflation (the rise in the cost of living) when doing this calculation as this can impact the amount you’ll need in the future.

How much does it cost?

How much cover would

I need and for how long?


113 Colne Road




  • Facebook


The information on this website is targeted at consumers in the United Kingdom. This website is free to you but to operate this website we may receive a fee from the provider or intermediary we refer you to. Calls to you and telephone transfers to any provider or intermediary we refer you to may be recorded for quality and training purposes. The content of this website does not constitute financial advice and is provided for general information purposes only. We take care to make sure that the information and material appearing on this website is accurate and up-to-date. However, errors and omissions may occur and you should not take the accuracy of the information and material for granted or rely upon it as a statement or representation of fact. Some products are only available from selected providers and intermediaries.


Aurum Capital London Ltd. All Rights Reserved.
Aurum Capital London Ltd is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Conduct Authority. FCA number 803684
Licenced on the Data Protection Register - Licence No ZA520803.

Registered in England under number: 11899716

©2020 by Aurum Capital