Which type of insurance is sometimes called temporary insurance?

Question

Quizplus · Accepted Answer

Term insurance is sometimes called temporary insurance because it provides coverage for a specific period of time (the term), such as 10, 20, or 30 years. Once the term ends, the policy expires and there is no longer any coverage. This is in contrast to whole life insurance, which provides coverage for the insured person's entire life and is meant to last until they die.

Which Type of Insurance Is Sometimes Called Temporary Insurance