You know what it looks like… but what is it called?
TAKE THE QUIZ“income policy”
The following 2 entries include the term income policy.
family income policy
noun: a term insurance policy on the life of a breadwinner providing special income benefits beyond the face amount that continue for the remainder of the child-rearing period after the death of the insured
life income policy
noun: a life-insurance policy providing for a stated life income to the beneficiary beginning at the death of the insured
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Merriam-Webster unabridged
