Family income benefit life insurance pays your chosen regular income to your dependants if you die during the policy term, rather than a single lump sum. It can sometimes cost less than comparable level-term cover because the potential total payout usually falls as the remaining term gets shorter, but premiums depend on factors such as your age, health, term and income amount. You normally receive nothing if you survive the term. Compare quotes from FCA-authorised providers and check whether the income would meet your family’s likely needs before choosing a policy.