Family Income Benefit

Family income benefit insurance is a type of term life insurance that will give regular financial support to the family of a policyholder if they die or are diagnosed with a terminal illness. AIG’s Family Income Benefit helps your clients secure an on-going income for their families. With monthly payouts, it eases the burden of bills, making budgeting more manageable for those left behind. If your client’s circumstances change, we make it easy for them to switch from a monthly benefit to a lump-sum payout during the claim.

Why choose AIG

With a monthly benefit paid from point of claim to the end of the policy term, this cover allows your clients to plan for the future, and the guaranteed income gives them the knowledge that monthly mortgage payments could be maintained, household bills could be taken care of or living expenses could be sorted when they’re no longer able to support their family.

Writing your client's policy into trust

Your clients are able to write their policies into trust, and we provide adaptable specimen trust documents for use. Making this legal arrangement could ensure that money paid out for a claim goes straight to the people they want to benefit from the trust. It also could allow a quicker death claim payment compared to a policy not in trust and could mitigate Inheritance Tax liabilities.

We cannot advise on whether putting any particular policy into trust would be suitable for your client’s particular circumstances and would recommend that they take professional legal and tax advice. For more information, read our guide to explain how trusts work for AIG’s insurance policies.


Additional benefits of AIG

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Best Doctors®

We give your clients access to Best Doctors for invaluable second medical opinions. Their knowledge helps your clients and their immediate family get the right diagnosis, treatment and care.

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Winston's Wish

We all know that life insurance is there to support your loved ones should the worst happen, but at AIG, we know that there’s more to it than just financial protection. Winston’s Wish – the UK’s leading child bereavement charity – help children get the support they need in the event of losing a parent or sibling.

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Smart Health

From on-demand consultations with UK based GPs to second medical opinions from Best Doctors®, our Smart Health service is a convenient way to connect your clients to tools that help them manage their health and wellbeing. It’s available 24/7, 365 days a year, anywhere in the world and can also be used by their partners and children up to age 21, all at no additional cost.


Smart Health and Best Doctors are non-contractual benefits which can be withdrawn at any time without notice.

Winston's Wish is a national charity that is accessible to anyone regardless of your insurance policy. The service is available even if your policy ends.

Literature and support materials

Sales Aid - Family Income Benefit

This guide helps you recommend AIG’s Family Income Benefit to your clients.

Download Updated 01 Jan 19
Family Income Benefit - Cover Details

Read our Cover Details for an explanation of how AIG's Family Income Benefit works.

Download Updated 25 Jan 21
Family Income Benefit - Key Facts

For more information on YourLife Plan Family Income Benefit, visit our Key Facts.

Download Updated 25 Jan 21