What is the payment structure of a family maintenance policy after the insured's death?

A family maintenance policy provides a combination of life insurance protection and a form of income replacement for the beneficiaries after the insured's death. The correct answer indicates that the structure of payments under this type of policy is designed to provide a steady income for a defined period that has been preselected by the policyholder, starting from the date of the insured's death.

This approach is particularly valuable for families who may rely on the deceased's income for their daily living expenses; it allows for financial stability during a difficult time. The payment continues for the specified duration, ensuring that the family receives a predetermined amount of income, rather than a lump sum immediately, which they may struggle to manage.

In contrast, other responses do not accurately capture the payment structure of a family maintenance policy. For instance, one suggests payments continue until the face amount is paid, which could create confusion as this policy provides income rather than just a death benefit lump sum. Another option implies that payments continue until the policyholder decides to terminate the policy, which is not applicable since the payments are only supposed to last for a specific, chosen timeframe after the death of the insured.