| 单词 | family income policy |
| 释义 | family income policyDefinition Life insurance policy that combines decreasing term life insurance with ordinary life insurance by providing additional income while children are growing up. The beneficiary of a family income policy receives payments at the end of a specified period if the person insured passes away before the end of that specified period; if the insured is alive at the end of the period the policyholder receives the face family of the family income policy. |
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