28/08/2026
Family income benefit is a type of term insurance that is designed to pay an income rather than a lump sum π¨βπ©βπ§βπ¦
It may help families think about regular financial commitments if the insured person dies during the policy term and a valid claim is accepted.
This could include everyday costs such as:
β’ Mortgage or rent payments
β’ Food and household bills
β’ Childcare costs
β’ School-related expenses
β’ Transport and regular family commitments
Family income benefit is not a savings policy and does not normally have a cash-in value. Payments, eligibility, exclusions and claim outcomes depend on the policy terms.
π https://alexandrahamilton.co.uk/family-income-benefit/