What does Family Maintenance Policy mean? Read on to discover the definition & meaning of the term Family Maintenance Policy - to help you better understand the language used in insurance policies.
Family Maintenance Policy
A family maintenance policy is insurance that provides income for a beneficiary for a specified period after the death of the insured. Upon the end of that period, the insurer gives the beneficiary an amount equivalent to the policy's face value.
We hope the you have a better understanding of the meaning of Family Maintenance Policy.