Which option is specifically designed to provide a monthly income from the date of death of the insured?

The family income rider is specifically designed to provide a monthly income benefit to the insured's beneficiaries starting from the date of the insured's death. This rider is often added to a life insurance policy and functions by paying a fixed benefit amount to the family for a specified period. It ensures that the policy's beneficiaries receive financial support during a crucial time when they may be adjusting to the loss of the primary income earner.

In essence, this mechanism provides a safety net that helps to replace lost income, making it particularly beneficial for families with young children or dependents who need ongoing financial support. This can be especially important in scenarios where the surviving family members may face immediate financial challenges due to the loss of the insured.

Other options, such as a life annuity, term life insurance, and whole life insurance, serve different purposes that do not match the required functionality of providing immediate monthly income upon death. While a life annuity is designed to provide income for the lifetime of the annuitant, it does not commence automatically upon the death of another party. Term life insurance provides a death benefit but does not include income provisions, and whole life insurance offers a death benefit and cash value but does not provide a structured income payment upon the policyholder's death