Family Income Protection Benefit (FIB)
Family Income Protection Benefit (FIB) is designed to provide your loved ones with a regular income if you pass away during the policy term.
Unlike a lump-sum payout, FIB ensures ongoing financial stability, helping your family cover daily expenses, mortgage payments, or education costs without financial stress. At Oundle and Stamford Mortgages, we’ll help you secure a plan tailored to your family’s needs.
Why it Matters
Losing a loved one is emotionally devastating, and financial stress can make it even harder for families to cope. Family Income Protection ensures that your family has:
Financial Security:
Funds to maintain their lifestyle and meet financial obligations.
Peace of Mind:
Knowing essential expenses are covered during difficult times.
Flexibility:
A steady income stream that can adapt to changing family needs.
Coverage and Benefits
FIB policies can offer flexible options to suit your family’s requirements, including:
As with all insurance policies, conditions and exclusions will apply. Learn more about how FIB policies work on our blog.
Regular Income Payments:
Designed to replace lost income, these payments typically continue until the end of the policy term.
Customised Benefit Amounts:
Choose the income level that ensures your family’s financial stability.
Flexible Payment Periods:
Coverage can be tailored to specific periods, such as until children reach adulthood or a mortgage is paid off.
Personalised Plans
At Oundle and Stamford Mortgages, we understand that every family is unique. That’s why we provide:
Tailored Recommendations:
Policies designed to fit your family’s financial goals and lifestyle.
Clear Guidance:
Simple explanations of policy terms and benefits.
Ongoing Support:
We’ll review your policy over time to ensure it continues to meet your needs.
faq
Family Income Protection Benefit
FIB is ideal for anyone with dependents who rely on their income, such as parents, homeowners, or those with significant financial obligations.
Coverage depends on factors like your current income, family’s financial needs, and expected future expenses. We’ll help you calculate an appropriate benefit level.
Yes, many people use FIB alongside a lump-sum life insurance policy for comprehensive coverage. We’ll guide you through the options.
Ensure your family’s financial stability with Family Income Protection Benefit. Contact us today to explore your options and find the right policy for your needs.
Oundle and Stamford Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. You can find Stonebridge Mortgage Solutions Ltd on the FCA register by clicking here. Oundle and Stamford Mortgage Services Ltd is entered on the Financial Services Register under firm reference number 842633. Registered Office: Oundle and Stamford Mortgage Services Ltd., 2a New Street, Oundle, PE8 4EA. Registered Company Number: 11811100. Registered in England and Wales. Registered Company Number: 11811100. Registered in England & Wales.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage. As with all insurance policies, conditions and exclusions will apply. Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority.