Which type of insurance policy pays benefits only if the insured person dies within a specified period?

Name: Which type of insurance policy pays benefits only if the insured person dies within a specified period?
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Question

Quizplus · Accepted Answer

A term insurance policy pays benefits only if the insured person dies within a specified period, which can range from one to 30 years. It is designed to provide temporary coverage and is generally less expensive than a whole-of-life policy.

Which Type of Insurance Policy Pays Benefits Only If the Insured