P is looking for a policy that provides a consistent monthly income for 20 years after death. What type of policy should he purchase?

A family maintenance policy is designed to provide both a death benefit and a monthly income for a specified period after the insured's passing. In this scenario, P is seeking a policy that will deliver consistent monthly income for 20 years following death, which aligns perfectly with the purpose of a family maintenance policy.

While a term life policy only provides a death benefit for a specified term and does not offer a monthly income, whole life and universal life policies primarily serve as cash value accumulation solutions and do not inherently provide variable income after death. Instead, they focus on providing a death benefit to the beneficiaries, and while they may have some income-producing features, they do not guarantee consistent monthly income for a set period post-death like a family maintenance policy does. Therefore, for P's specific need for steady income over 20 years after passing, a family maintenance policy is the most appropriate option.