Whole Life Insurance Derivatives : Family Income Policy & Family Maintenance Policy

Family Income Policy

One of the most popular, and perhaps most useful, of the combination life insurance contracts is the family income insurances policy. Combining whole life insurance with decreasing term coverage, this policy provides temporary protection and permanent coverage. The term portion of the coverage provides monthly income benefits for the family and the permanent (whole life) part of the policy provides a lump sum payment. (more…)