Family Income Benefit Belfast
Last Updated: 9th October 2025
If the unexpected happened, would your family have the income they need to stay financially secure?
With family income benefit, you can make sure your loved ones continue to receive a regular income to cover everyday expenses, mortgage payments, and household bills – giving you complete peace of mind.
At AIMS NI, we provide independent, whole-of-market advice to help you find affordable, reliable protection for your family. Our experienced advisors work with the UK’s leading insurers to tailor cover that fits your lifestyle and financial goals.
What Is Family Income Benefit?
Family income cover is a type of life insurance designed to pay your family a regular monthly or annual income if you pass away during the policy term.
Rather than paying one lump sum, it provides steady financial support – helping your dependents maintain their standard of living when they need it most.
For example, if you take out a 20-year policy and pass away after five years, your family will continue to receive monthly payments for the remaining 15 years of the policy term.
This income can help cover:
- Mortgage or rent payments
- Utility bills and groceries
- Childcare and school costs
- Everyday family expenses
How Does Family Income Benefit Work?
Here’s how a typical policy works:
- Choose your cover term – often until your youngest child is financially independent.
- Set the benefit amount – the monthly or annual income your family would receive.
- Pay a monthly premium – fixed for the duration of your policy.
- Receive tax-free payments – if you die during the policy term, your family receives regular tax-free income for the remainder of the term.
This is often paired with life insurance or mortgage protection, creating a comprehensive safety net for your loved ones.
Benefits of Family Income Benefit
- Regular, reliable payments that replace lost income.
- Affordable premiums – usually cheaper than lump-sum life insurance.
- Financial stability for your partner or children.
- Tax-free payments for your beneficiaries.
- Flexible cover options to fit your family’s needs.
- Peace of mind knowing your loved ones can focus on recovery, not finances.
Who Should Consider Family Income Benefit?
Parents with Young Children
Ensures your children are provided for until adulthood – covering living costs, education, and childcare.
Single-Income Households
Protects your partner and dependents if your income suddenly stops.
Homeowners and Mortgage Holders
Complements mortgage protection by providing an additional source of income for ongoing bills and expenses.
Self-Employed or Business Owners
Offers protection even if you don’t have employee benefits or sick pay to fall back on.
Why Choose AIMS NI?
At AIMS NI, we believe every family deserves the right protection – and it shouldn’t be complicated.
Here’s why families across Northern Ireland choose us:
Independent & Whole-of-Market Advice: We compare policies from leading UK insurers to find the best value.
FCA-Regulated & Experienced: Providing professional, trusted advice since 2003.
Personal Service: We take time to understand your family’s needs, budget, and priorities.
Local Advisors Across NI: Meet in person, online, or by phone – whatever suits you best.
Ongoing Support: We review your cover to keep it suitable as life changes.
We’ll guide you every step of the way so you can make informed decisions with confidence.
Get Independent Advice Today
Your family’s future deserves the best protection. With AIMS NI, you’ll receive independent, whole-of-market advice to find affordable cover that gives you confidence and peace of mind.
Call us today for a free, no-obligation consultation with one of our experienced advisors and secure your family’s financial future – whatever life brings.
Family Income Benefit FAQs
Disclaimer
It’s a type of life insurance that pays your family regular income instead of a lump sum if you die during the policy term.
Traditional life insurance pays one lump sum; family income insurance pays a steady monthly or yearly amount, making it easier for your loved ones to manage everyday costs.
We’ll help calculate this based on your current income, outgoings, and how long your family would need financial support.
Yes – payments are typically tax-free for your beneficiaries.
Absolutely. Many clients combine it with life insurance or critical illness cover for full protection.
Family income benefit only pays out on death, but you can add critical illness cover for additional protection during your lifetime.
THE PLAN WILL HAVE NO CASH-IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.
CRITICAL ILLNESS PLANS MAY NOT COVER ALL THE DEFINITIONS OF A CRITICAL ILLNESS. THE DEFINITIONS VARY BETWEEN PRODUCT PROVIDERS AND WILL BE DESCRIBED IN THE KEY FEATURES AND POLICY DOCUMENT IF YOU GO AHEAD WITH A PLAN.
