Family Income Benefit helps to cover your family's living costs with a monthly or annual payment to make it easier to manage. A regular income is easier for your loved ones to manage and means they don't have to worry about dealing with a lump sum which can be overwhenlming. If you think Life Assurance but instead of a lump sum pay-out, your family receive a tax-free monthly income over a period you choose i.e. until your children have grown up. This can be the best value to protect your family in the future.