A contract that provides insurance within a single policy for a father, mother, and born and unborn children. The father’s coverage is typically Whole Life Insurance, with the mother and children insured for smaller amounts of Term Insurance.
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An organization serving a large proportion of the Life Insurance business by providing educational programs relating to administrative and technical procedures within the industry. It confers the designation of Fellow, Life Management Institute (FLMI) upon those who complete a prescribed course of study.