Family Income Benefit

Have the peace of mind that your family have financial support when you die.
Let us help you.

Features of Family Income Benefit

Family Income Benefit provides your family with a regular fixed, tax free income to assist with livings costs when you are no longer here.  These policies are sometimes cheaper than a standard life policy.  A Family Income Benefit policy can be put in to a Trust so that it doesn’t form part of your estate and will not need to go through probate meaning it can be paid out to your family straightaway.

The Main Features Are:

~

Fixed Term

Policy is arranged for a fixed term of years.

!

Level or Increasing

Benefits can be on a level or increasing basis.

Tax Free

Providing a tax free income from the date of death to the end of the term.

i

Claim

Option on claim to commute the regular income for a single lump sum.

s

Surrender

No surrender value.

Q

Survival

No benefit on Survival.

Premiums

Level premiums throughout the term.

Family Income Benefit Policy Benefits:

;

Low Cost Cover

Low cost cover providing a tax free income, particularly useful for young families.

}

Benefit

Benefit is paid on death (or diagnosis of a specified critical illness if that option is taken out) of the insured person for the remaining years of the policy term.

Valuable Income

Provides valuable income to the surviving spouse/partner to bring up children etc.

Term Plans

Available for long or short term plans i.e. 1-18 years.

Applicants

Available for single or joint applicants.

Still Not Sure?

We can help you by searching insurance products based on a fair and personal analysis for the most suitable Defaqto 5 star rated cover for your circumstances.  Contact Us to find out more.

JUST SOME OF THE INSURERS WE WORK WITH

Registered Address

Shire Financial Services Ltd
Surrey House, 41 High Street,
Newmarket Suffolk CB8 8NA
England.

Registered Company No.

05904006
Country of Registration: England

Opening Hours

Mon-Fri: 9:30am to 5:30pm
Sat and Evenings: By Appointment
Sun: Closed

Fee Structure

We receive commission from the mortgage lender. Also, depending on mortgage type and complexity we usually charge a fee between £200-500 and for Expatriate mortgages, a fee of £800. Fees are payable upon Mortgage Offer.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

SHIRE FINANCIAL SERVICES LIMITED IS AN APPOINTED REPRESENTATIVE OF SESAME LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

COMMERCIAL MORTGAGES, INCLUDING BUSINESS BUY TO LET, ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. FOR COMMERCIAL MORTGAGES WE ACT AS INTRODUCERS ONLY.

THE FCA DOES NOT REGULATE ESTATE AGENTS, SURVEYS AND SOME FORMS OF BUY TO LET MORTGAGES.

FOR ESTATE AGENTS AND SURVEYS, WE ACT AS INTRODUCERS ONLY.

THE FCA DOES NOT REGULATE SOLICITORS AND WE ACT AS INTRODUCERS ONLY.

Equity release refers to home reversion plans and lifetime mortgages. To understand the features and risks ask for a personalised illustration. 

Pin It on Pinterest

Share This Page

Share this page with your friends!