Whilst it is important to consider Life Insurance for settling any outstanding debts or liabilities (such as a mortgage), we must consider what comes next for the family. To secure their future after a sudden and upsetting shock, Family Income Insurance can take care of the running costs of the family household, or to provide a particular standard of living. It provides regular, tax-free monthly income to your family if you pass away during the insurance policy’s term, for the remainder of the duration of the policy.

Whilst it is commonly taken out on a Life Insurance basis, it can also be put in place to cover the events of Critical Illness.

Historically, this plan has been missing from many family protection plans. Whilst lump-sum Life Insurance is important to have in place to protect the family from unpaid borrowing, it is vital to consider the bigger picture of how the family or your loved ones can continue living in the family home. For this reason, we will always advise on a combination of life and family income policies where appropriate.