Our Customers rate us 4.6 out of 5
Professional family income benefit advisors.
Don’t spend the present stressing about your family’s future. Our qualified insurance advisors are here to help you put the right protection in place.
Your home may be repossessed if you do not keep up repayments on your mortgage. When The Bank Says No is a mortgage broker, and not a lender.
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Finding The Best Family Income Benefit Deal For Your Circumstances
When a family sadly loses a partner, they also lose the income and financial support they provided. Life cover like family income benefit can be a lifeline at this difficult time, allowing them to move through their grief and deal with the situation without having to worry about money. If you’re concerned about the protection you have in place for your family, we can help you find a family income benefit provider to rely on. Even if you’ve been declined elsewhere, our specialist insurance advisors will scour the whole of the market to help you identify the deal best for to your circumstances.
What is family income benefit?
Family income benefit is an insurance product intended to support households that have lost a loved one and the financial contribution that person provided. It is a type of life cover, and works by delivering a monthly pay out to the beneficiaries once it has been claimed for the remaining duration of the insurance term. So, for example, if you died 5 years into your 20 year policy, your family would receive monthly payments for 15 years.
Freeing your family from worry.
We understand how worrying it can be to contemplate how your family will manage without you there to support them. Trying to get your head around insurance terminology and complicated conditions is exhausting. Luckily, we’re here to help. Our team of professional insurance advisors can take the stress out of finding the right life cover for your needs. With us, you can rest easy in the knowledge that your family’s monthly income, home and additional needs will be taken care of whatever happens.
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How would family income benefit support my family?
Losing a family member is an incredibly difficult time, and financial commitments can make it even more so. If the income of the person lost was integral to the family finances, it may now be hard to pay bills, meet debt repayments and cover daily expenses. Family income benefit supports the family by bridging the financial gap while they adjust to the loss, helping them maintain the lifestyle they previously enjoyed.
Turning Your Nightmares Into Dreams
When you think you’ve hit that brick wall and have all but given up hope of finding mortgage finance, When the Bank Says No are here to turn your ‘No’ into a ‘Yes’. We have access to a range of specialist lenders who are willing to help those that the High Street banks just won’t touch. Get in touch today and see how we can turn your dreams into a reality.
Can I get family income benefit if I’ve been declined in the past?
Yes, it is possible to get family income benefit, even if you’ve been previously declined. You may have been turned down by an insurer because you disclosed a past or present medical condition and they were not willing to offer cover due to the added risk that a claim would be made. The good news is plenty of insurers out there will be willing to accept you, even if you have an existing illness. With a team of qualified advisors at your side, it’s possible to get a specialist policy with perfectly affordable premiums. Don’t stress; we’re here to make sure your family is protected. Contact us today!
Why would I include family income benefit in my protection plan instead of just a lump sum pay out?
The point of life cover is to make life easier for our loved ones. The death of a family member can be the worst time of anyone’s life, and anything that can ease the strain is worth investing in. Whilst a lump sum can be highly beneficial, insurance that provides regular monthly payments is also worth having. This will take the stress out of day-to-day finances and mean the lump sum isn’t depleted by monthly obligations. Instead, the replacement income can cover daily household commitments and expenses, providing an essential lifeline through a tough period of time.
Frequently Asked Questions
Can my life cover still pay my family a lump sum alongside a monthly income?
Is family income benefit affordable?
Expert advice for declined family income benefit.
When the Bank Says No is a team of mortgage brokers and insurance advisors dedicated to helping our clients protect their household from the unknown. We work across the whole of the market, providing transparent advice and bespoke recommendations based on your particular circumstances. With access to specialist lender, we enable even those with complex medical histories to find life cover that is affordable now and highly beneficial if the worst happens. Your family’s future is too important to leave to chance.
What Our customers say about us
Our Customers rank us 4.6 out of 5
We feel so fortunate to have found WTBSN
We found WTBSN after landing in a really tricky situation. We were out of term on our current mortgage and our existing broker had exhausted all options to re-mortgage due to the complex nature of our holiday let property (Grade II listed, timber frame construction and above commercial). Working under considerable time pressure due to the financial penalties being imposed by the existing lender, Brian was relentless in his search for a solution that would allow us to refinance a property that was on face value mortgageable. Thankfully, he didn’t give up and nine months later, we completed on the re-finance. We feel so fortunate to have found WTBSN and would like to thank Brian and the team sincerely for going the extra mile. We couldn’t have done it without you!
Rachel Reeves
Simply the best
I will never use another mortgage broker in all my time In property, these guys are the best at communication, customer service and keeping you informed. They are a level above every other broker I’ve come across and they actually get things done.
Emma, Samantha & Ashley have been fantastic in assisting me with 2 mortgages now and they’re superb at what they do. I wouldn’t hesitate to reccommend them to anybody out there who needs a mortgage sorting.
John Burton
I have been dealing with ben
I have been dealing with Ben @ When The Bank Says No. He has been great!! Professional, kept us up to date the whole way and made the entire process so simple. I would most definitely use him again and have already passed his details on to a family member. Thank you for all your help.
Elise
Thank you for your amazing support
Thank you for your amazing support and service during a really difficult time in my life. 5* is just not enough to demonstrate the level of support received. These guys go above and beyond. A personal service, with kindness and compassion. I highly recommend. If you’re struggling with your mortgage, then have a chat to this team. I cannot thank them enough for everything they have done.
Nabila Fowles-Gutierrez
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