Family Income
Benefit

Family Income Benefit

Use our FREE insurance service to make sure you, your family, and your home are fully protected. We’ll advise you which policies are right for your situation, and we have access to all providers, meaning we can find a deal that suits your needs perfectly. We also arrange your policy for you quickly and easily – and we do all this completely free of charge!

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"I can’t say anything but amazing things about the MU team in Frimley. Mark, Denise, Liam & Mitchell took care of my every need and I’m not just talking about arranging the mortgage. As a first time buyer I had no idea that I needed to consider things like content insurance & health insurance and on top of this I was struggling to find a solicitor that I felt I could trust at a reasonable price. The MU team helped me arrange it all and I appreciate so much the time and effort that saved me not having to do it myself. Their personable approach comes across in their office, over the phone and in every email correspondence and I could not recommend their services enough!!!"

Laura Allen

"Joe was great, both Emma and myself would like to thank him for his help, guidance and great communication. As first time buyers it was a pretty daunting prospect, we really appreciated Joe helping and explaining things in language that we could understand."

Pete & Emma

"We had a great experience with Michael Usher Mortgage Services. Paisley was very very helpful. Answered all questions we had being first time buyers and also kept up in the loop. Highly recommend! Highly proactive and professional. low rate. Will use their services again. Thank you for all your help!"

Lucy Anderson

Michael Usher Mortgage Services was recommended to us by a colleague, as first time buyers we were keen to use a mortgage advisor, but especially one we could trust. They were great from start to finish, no question was too much to answer and they were great at explaining the whole process. We had the pleasure of dealing with Mitch, he was absolutely fantastic. I can't thank Denise enough also for recommending an amazing solicitor, and keeping us updated constantly without the need to chase. Amazing experience from start to finish, would recommend them to anyone! Thank you.

Lorna Twyford

What is Family Income Benefit?

Family Income Benefit is designed to protect your family’s long-term future. These policies pay an ongoing income to your family if the main breadwinner dies.

What does Family Income Benefit provide?

These are often taken out in addition to Life Cover. A Life Cover payout may be enough to pay off the mortgage, but it won’t provide long-term support and the surviving partner is often left to pay for ongoing bills and living expenses for the family on just one or no salary. In these situations, the house will usually have to be sold, which could damage your family’s quality of life forever. Family Income Benefit provides a long-term income to your family.

Where other policies provide immediate financial support, Family Income Benefit protects your family’s long-term future.
Money is paid out as monthly income for the duration of the term, usually until children reach working age.
It’s often taken out alongside Life Cover to provide maximum financial support.

How Family Income Benefit Is Used?

Family Support Through Childhood

Family Income Benefit can be used to support your family until your children reach working age – ensuring your children are able to finish college and get a job before the family income is lost.

For example, the father may want to insure himself for £2500 a month (30k a year) for 21 years from when his child is born. If he was to die when his child is 11, his family would receive a tax-free income of £2500 a month for 10 years. Enough time for his child to finish college and start working.

Family Income Benefit + Life Cover

These policies are often taken out together. Life Cover should allow your family to pay off most of the mortgage, then Family Income Benefit will provide an ongoing income to support your family’s long-term future.

Who Needs Family Income Benefit?

Anyone whose children or partner are dependent on their income to pay a mortgage, debts, or living expenses, especially if your children are still a long way from reaching working age. These are suitable even if you have Life Cover, to protect your family long-term.

Our service is FREE!

If Family Income Benefit is right for you, we’ll help you find a deal that suits your needs perfectly and offers great value for money. We have access to all providers and can arrange the policy on your behalf, and we’re duty-bound to give you the right advice for your situation.

Our service is completely free of charge – so let’s get you, your home, and your family protected!