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Family Income Benefit, also known as FIB, is a type of Insurance that offers your family members financial support when you pass away. Your policy will only pay out if you die during the policy term. The released payments will be interest-free
Similar to Life Insurance, you can define the length of your term upon taking out Family Income Benefit Insurance. Generally, the longer your term, the more premiums that you will pay per month.
If you pass away towards the end of your term, fewer monthly payments will release. This is because the number of years remaining on your term will be the same amount of payments that your family will receive. For example, if you are twelve years into your twenty-year term, if you pass away your family will receive payments for the next 8 years.
A protection and mortgage advisors in Nottingham can help you with the specifics and assist you when you’re trying to find a deal that is most suitable to your personal and financial situation.
If you feel that your family would benefit from your financial support after you pass away, then Family Income Benefit Insurance could be the right form of insurance for you.
If you have younger children, when you pass away, this policy can provide them with financial income whilst they are growing up. Potentially, your Family Income Benefit policy could have cheaper premiums than if you were to take out a Life Insurance policy.
People may also opt to take out Critical Illness Insurance alongside their Family Income Benefit Insurance. This can be because it can sometimes be cheaper to take them out together rather than individually.
As providers of expert mortgage advice in Nottingham, remember that family income benefit is a policy to provide financial support for family members, replace lost income or pay off any outstanding debts owed in the person’s name.
Speak with a mortgage broker in Nottingham, will talk you through the costs of your Family Income Benefit policy and why the costs can change depending on the length of your term. Other factors that will also affect your premiums are your lifestyle, age and medical history.
Our Mortgage and Protection Advisors in Nottingham are here to help you find a policy that suits your personal and financial situation. We can also look at setting you up a menu plan if you are interested in taking out more than one insurance policy.
For insurance business we offer products from a range of insurers.
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We’ve had a really positive experience with Nottinghammoneyman throughout our mortgage process as first-time buyers. Our mortgage advisors Warren and Chris were highly knowledgeable and took us through everything step by step, which really helped us feel less overwhelmed at what can be a quite complex process. The admin side has also been very efficient. Any questions we had were answered quickly and professionally, and we always felt supported whenever we needed clarification. Overall, a very good service and we’d happily recommend Nottinghammoneyman to other first-time buyers or anyone looking for mortgage advice and support. We’ll also likely use them again in the future for remortgaging for peace of mind. Thank you, Nottinghammoneyman!
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Great experience and a very quick offer to my mortgage you guys are doing a great job thanks so much for making me to get my mortgage and a good deal .
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We knew absolutely nothing about the mortgage experience! Chris made this whole experience less stressful! He not only was an amazing advisor but his personality is amazing! We made the right choice in in choosing UK money man, they really are the best!
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We had such a great experience with Chris Thompson and his team! They first helped us when we were buying our first home, and honestly, as first time buyers, we had so many questions. They were incredibly patient and made sure we understood everything clearly. The advice they gave us was spot on and really helped us feel confident throughout the whole process. We recently remortgaged with Chris and his team and once again, they were excellent. They provided clear, accurate information and guided us through every step just like they did the first time. We’re really grateful for all their support, both with our first mortgage and the remortgage. I’d definitely recommend anyone looking to buy their first home or remortgage. They really know their stuff and genuinely care about helping their clients!
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Excellent guidance and service from start to finish. Chris Wardall was helpful, informative, friendly and very patient with me being a first timer buyer . Great service from Chris and the whole team. Service was consistant with regular updates and no delays.i highly reccommend using this company.
3 Mar 2026
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They've been very helpful from start to finish. Conor is on the ball and always takes the time to answer questions
5 Feb 2026
During your free initial insurance review, we will delve into your history and gather pertinent details to create a customised plan that aligns with your financial resources.
With our team, they can search through an extensive array of insurance products, identifying the one that best caters to your distinct requirements and financial circumstances.
Once you are content with the product we have recommended, we will proceed with submitting your application to the provider. In certain instances, the policy provider may necessitate supplementary information prior to accepting the application.
As your circumstances evolve, the policies you initially acquired when you obtained your mortgage may no longer be optimal for your situation, which is why we can make sure your policies are always up to date.
Pick your own date and time and book online!
We have Protection Advisors in Nottingham available to take appointments early in the morning, late in the evening or at the weekend. Alternatively, give us a call and we can refer you to the best advisor for your situation.
We will search through 1000s of insurance products in order to find one that suits your personal and financial situation.
In Nottingham, we have been helping customers for over 20 years. We have found 1000s of happy customers Family Income Benefit insurance products.
Customer care is at the heart of our company, take a look at some of our fantastic reviews on our reviews page to find out more about our service.
Our team will also go through the policies terms and conditions with you and make sure that you are happy with how it works and when it pays out. They will also look at your term with you and help you decide the length of the policy.
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Nottinghammoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Nottinghammoneyman 2009–2026
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Nottinghammoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Nottinghammoneyman 2009–2026
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