As defined by the Company, "the Family Income policy is designed to provide that, during the period of family life when the children are growing, a larger income will be available in the event of the death of the head of the family than would otherwise but possible without dissipating the principal sum." To accomplish this very commendable and widely needed service, the policy provides a monthly income of one percent of the sum insured, plus dividend distributions, from the time of the insured's death within a stipulated period from the date of the issue of the policy (either within a 20-year or 10-year period as preferred by the insured in view of the ages of his minor children) until the end of such selected period.
Huebner, Solomon S. PhD, "The Family Income Policy" (1930). Solomon S. Huebner Documents. 145.