Think life insurance and income protection insurance are the same? Think again. Discover the key differences between the two and how they both can help financially protect you, depending on the circumstances. Read more on the Real Insurance spotlight 👇 https://bit.ly/4pSwNYa | Real Insurance
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"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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Family Income Benefit can give your loved ones a regular, tax-free income if the worst were to happen, helping cover everyday costs and keeping life stable for your kids. 🫶🏻 It’s often more affordable than you’d expect, and our latest article breaks it down simply. 🔗 https://www.mortgageadvicebureau.com/protection/what-is-family-income-benefit/?utm_source=facebook&utm_medium=organicsocial&utm_campaign=familyincome #FamilyIncomeBenefit #LifeInsurance #Parents #FamilyFinance #FinancialProtectio
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