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Family Income Benefit

This is a method of taking the benefits of a Life Assurance plan that pays a tax-free monthly income rather than a lump sum. This makes it easier to pay for the monthly costs of running your household living expenses.

Your family could receive £2,000 per month tax-free, under current legislation tax year 2016/17, every month for the balance of a 23-year term from the time of claim, for as little as £28.84 per month.

Actual costs will depend on individual circumstances and providers underwriting.

Source:  October 2016 – based on a 35-year-old office worker, non-smoker in good health insured with Aviva.

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