Contract combined with decreasing term is commonly called

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1. A contract that provides for payment of the face amount plus a monthly payment starting with the death of the insured and continuing until 20 years after policy inception is called

a family income policy.

a family protection policy.

a family maintenance policy.

a guaranteed benefit policy.

2. A whole life contract combined with decreasing term is commonly called

a family maintenance policy.

a return of premium policy.

a family protection policy.

a family income policy.

Reference no: EM132000770

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