Family Income Benefit Insurance

Family Income benefit insurance can be taken out to cover the shortfall of your mortgage payments.

Family income benefit plans are commonly used for family protection. However, rather than producing a one off lump sum should you die during the selected term (as is the case for level term cover ), the policy produces a regular tax free income for your dependants for the remainder of the plan term.

You should also consider writing your policy into a trust. This is a simple way of making sure the proceeds will be paid straight to your dependants quickly and avoiding Inheritance Tax.

For more in depth information please go to our sister site at www.best-income-protection-insurance.co.uk.