Question 1028 of 287 · Texas Life, Accident and Health Agent Exam
Which of the following is true about a family income policy?
Exactly one answer is correct.
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Correct answer to question 1028
- B: It combines whole life with decreasing term that pays income to a stated date if the insured dies
Explanation
Family income coverage mixes permanent insurance with decreasing term, paying an income for the remainder of a selected period after death. If death occurs late in the period, the income period is short.
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