A whole life policy includes a rider that, if the insured dies, pays the family a monthly income until a specified ending date. Which rider produces this result?

Why A is correct

A family income rider is a level-premium, decreasing term rider attached to a whole life or other permanent policy. If the insured dies during the rider's term, the beneficiary receives a stated monthly income until the term's ending date, and the base policy's death benefit is paid separately, usually in a lump sum. The income feature is designed to replace the insured's earnings while children are dependent, and the amount of remaining protection decreases as the term shortens. This distinguishes it from riders that pay a lump sum or increase coverage.

Why the other options are wrong

• B) A family maintenance rider pays income for a fixed number of years from the date of death regardless of when death occurs; it does not tie payments to a calendar ending date.
• C) A jumping juvenile rider increases the face amount of a child's policy at a specified age without proof of insurability; it pays no monthly income on the insured's death.
• D) A guaranteed insurability rider allows the owner to buy additional coverage at future dates without evidence of insurability; it does not provide any income benefit. It is designed to permit future purchases, not to replace the insured's earnings with income.

Memory hook

Family income = monthly checks until a date certain, like a decreasing umbrella over whole life.