Family Income Benefit
Do you need Family Income Benefit?
If a loved one were to die, not only is it traumatic, there income would also soon be missed. Most couples would suffer financially if their partner were to die without life insurance of some kind.
Family Income Benefit can also be arranged to protect children. A parent or parents insure each other while their children are financially dependent. The term can be set by the parents to finish at the youngest child's 18th or 21st birthday or even longer if children are going to further education.
Family Income Benefit - The premiums
Premiums for family income benefit will depend on the sum to be insured, the period of insurance cover, your sex and whether you smoke or not. A non-smoker is usually defined as someone who has not used a tobacco product for at least twelve months, benefit will depend on the sum to be insured, the period of insurance cover, your age, your sex and whether you smoke or not. A non-smoker is usually defined as someone who hasn't used a tobacco product for at least 12 months.
Family Income Benefit with Critical Illness Insurance
Additional options like critical illness insurance can be added to increase the level of cover, although this in turn increases the premiums.
If you do add on critical illness insurance to the family income benefit, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.
About Us
Impartial Mortgage & Protection is an Independent Mortgage Broker and Insurance Brokerage.
Head Office
Top Floor, 5 London Road,
Southampton, Hampshire,
SO15 2AE
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Wills & trusts, conveyancing services, and most forms of buy-to-let mortgages are not regulated by the Financial Conduct Authority.
As a mortgage broker, Impartial receives a fee from mortgage lenders, which is normally a small percentage of the loan we arrange. We do not charge a fee for mortgages over £100,000. For mortgages of under £100,000 there may be a fee for mortgage advice, the specific amount will depend upon your circumstances but our typical fee is £200
Impartial Mortgage & Protection Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Impartial Mortgage & Protection Ltd. Registered office:Top Floor, 5 London Road, Southampton, Hampshire, SO15 2AE This website and its content is copyright of Impartial - © Impartial 2016. All rights reserved. Company registration number 09648996
The guidance contained in this website is subject to the UK regulatory regime and is therefore targeted at consumers based within the UK.
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