Family Income Rider

Definition of "Family income rider"

John Paul  Molfetta Sr. real estate agent
John Paul Molfetta Sr., Real Estate Agent Keller Williams Realty The Marketplace

Attachment of decreasing term life insurance to an ordinary life policy to provide monthly income to a beneficiary if death occurs during a specified period. If the insured dies after the specified period, only the face value is paid to the beneficiary since the decreasing term insurance has expired.

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