Which of the following is NOT a characteristic of a Family Income Life policy?

A Family Income Life policy is designed to provide a combination of whole life insurance and term insurance. It ensures that, in the event of the insured's death, beneficiaries receive regular monthly payments for a specific period, assisting them in maintaining their income level.

The policy's structure includes both the permanent coverage provided by whole life insurance and the temporary coverage typical of term policies, allowing it to support the family’s financial needs during the critical years following the insured's death.

The benefits of a Family Income Life policy are activated in the event of the insured’s death, providing a guaranteed death benefit that supports dependents financially during a time of loss.

The notion of not including short-term policies aligns with the essence of Family Income Life policies, as they focus on delivering long-term financial support rather than merely short-term coverage. Thus, this option accurately captures a characteristic that does not apply to Family Income Life policies.