What type of policy provides whole life and level term coverage on income benefits for the breadwinner's family?

The family maintenance policy is designed to provide both whole life coverage and level term coverage, specifically tailored to ensure that income benefits are available for the breadwinner's family. This type of policy combines a permanent component, which is the whole life insurance, offering lifelong coverage and a cash value accumulation, with a term component that pays a specified income amount for a certain period of time, usually in the event of the breadwinner's death.

The term portion typically pays out a monthly income benefit for a designated period while the whole life aspect provides a death benefit that continues beyond that term period, ensuring financial security for the family. This is particularly beneficial for families relying on the income of the main earner, as it provides a structured way to replace lost income and support during a critical time.

In contrast, other options such as family income policies focus primarily on income replacement for a specific term without the long-term whole life coverage, the family policy offers fewer distinctions by combining both life and health insurance benefits into one, and joint survivorship life policies are designed mostly for situations involving two individuals, typically providing benefits upon the second death. The family maintenance policy uniquely addresses the ongoing needs of a family after the loss of a primary income source, making it the most suitable