Family Income Benefit

Most dentists understand the importance of providing suitable life cover to repay outstanding liabilities including mortgages in the event of death however, for many this would not be sufficient to provide vital cover for dependents.

Family income benefit insurance is primarily used to ensure that a family's income is maintained at an acceptable level should the main income earner die (or suffer from a critical illness if this option is chosen). This would provide the guardians or surviving family with income to cover the cost of looking after your children. Typically a policy is set up to provide a level of monthly income which would be sufficient to maintain the family's standard of living, at least until the youngest child is financially independent. These policies are relatively low cost yet provide crucial cover to protect your family's standard of living should the worst happen.

Practice Financial Management Limited is authorised and regulated by the Financial Services Authority. For more details please refer to About PFM / Regulations.