Which of the following is typically a key benefit of a Family maintenance policy?

A Family Maintenance policy is specifically designed to provide financial support to the family of the insured in the event of their death. The key benefit of this type of policy is that it offers a combination of both a term life insurance component and a cash benefit that continues for a specified number of years after the policyholder's death. This means that, upon the insured's passing, the beneficiaries receive a lump sum payment that can provide immediate financial relief.

This lump sum is intended to aid in covering expenses such as funeral costs, outstanding debts, or day-to-day living expenses during a difficult time. The policy hence ensures that the family's financial stability is maintained even after the loss of the insured.

The other options do not represent the primary features of a Family Maintenance policy. For instance, economical premiums for a specific duration may apply to various life insurance products, but they do not embody the distinctive benefits associated with Family Maintenance policies. Coverage for accidental injuries only suggests a narrow focus typical of accidental death policies, and there would generally be no benefits for chronic illness related to this type of insurance, which primarily targets life coverage rather than health-related expenses. Therefore, the key feature aligning with a Family Maintenance policy is indeed the provision of a lump sum payment upon the insured