family maintenance policy

noun

: a term insurance policy on the life of a breadwinner providing special income benefits in addition to the face amount that continue for a specified number of years after the death of the insured

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Dictionary Entries Near family maintenance policy

Cite this Entry

“Family maintenance policy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/family%20maintenance%20policy. Accessed 30 Dec. 2024.

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