If you are worried that your dependants would struggle without your additional salary then you may feel a family income benefit plan would better suit their needs. This provides life assurance in the form of an annual income which is tax free over a number of arranged years, rather than a lump sum.  When making a decision on purchasing a life assurance policy you have to decide whether a lump sum to pay off any debts or mortgages is best or whether the provision of an income would better benefit the family situation.

Family income benefit assurance is also known as family income protection and is particulary attractive to those who would rather not worry about investment decisions and receive a regular income instead.