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Types of life insurance policy Optional extras and glossary  |
Family Income Benefit UKFamily Income Benefit UK plans are commonly used for family protection. However, rather than producing a lump sum should you die during the selected term, the policy produces a regular tax free income for your dependants for the remainder of the plan term. The amount of 'income benefit' usually remains level over the plan term selected, although you can request that benefits increase in line with inflation as an optional extra. A Family Income Benefit UK policy is usually the cheapest way of providing benefits for your dependants, although it is also worth considering a policy which produces a lump sum on death (see 'level term assurance'). Click for your free Life Insurance UK quote with Life Direct If you have any queries not addressed by this site please email or telephone 0800 970 0457. |