"Life Insurance vs Family Income Benefit — What’s Best for Your Family? 1. What Is Life Insurance A lump-sum payout designed to support your family financially if you pass away. 2. What Is Family Income Benefit (FIB)? A policy that pays a monthly/annual income to your family for the remaining term. 3. How Life Insurance Pays Out One tax-free lump sum, giving flexibility but also requiring financial discipline 4. How FIB Pays Out Regular income stream — easier for budgeting and replacing lost ear
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56K views · 393 reactions | "REAL TALK: A Life cover policy can offer more than a single lump sum pay-out. What benefits and add-ons would you like your Life cover policy to include? For a chance to win R2 000: 1. Comment your answer.​ 2. Follow our page. Ts & Cs apply. #WinningWednesdays #1LifeChangingLives" | 1Life Insurance | Facebook
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