Life Insurance✓ Verified · outline & fact-checked · Sep 2026Difficulty 2/5
A family income rider added to a life insurance policy is designed to:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
The family income rider provides a monthly income benefit for the remainder of a stated period, such as 20 years from the date the policy was issued, if the insured dies during that period. The family receives income to replace lost earnings, typically in combination with a base policy; if the insured dies after the period ends, only the base death benefit is paid. The rider is structured like a decreasing-term protection designed around the family's income needs while children are dependent.
Why the other options are wrong
- B) Doubling the benefit for accidental death is the function of the accidental death benefit rider, a separate rider.
- C) Waiving premiums to protect a child's policy is the payor rider, which applies when the premium payer dies.
- D) Automatically increasing coverage at a stated age is not a function of the family income rider.
Memory hook
Family income rider = a monthly paycheck to the family if the breadwinner dies early in the period.