Family Income Benefit

Family income benefit that guarantees a fixed, tax-free monthly income

For many families, a regular tax-free income will be seen as more beneficial and simpler than a one-off payment to secure their immediate financial future in the event of the bread winner’s passing. There is no need for them to worry about investing a lump sum to yield an ongoing income. This may support your family as they focus on trying to come to terms with your death and getting their lives back on track.

The monthly cost of your family income benefit premium will depend on your unique circumstances, and will take into account various factors including your age, health and occupation, and whether you want any add-ons to provide greater protection, such as waiver of premium in the event of sickness, or to index any benefits paid out each year, to protect against the cost of inflation. Your nominated LDN Finance adviser will sit down with you to understand the level of cover you need and how many years the policy should run for. They will then work with absolute dedication to find a suitable family income benefit plan that safeguards your family’s financial future with an ongoing income.

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