In a(n)__________ insurance policy, there is no savings component.

Name: In a(n)__________ insurance policy, there is no savings component.
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Term insurance policies do not have a savings or investment component. They are simply designed to provide a predetermined death benefit if the policyholder passes away during the term of coverage. Whole, universal, and variable life insurance policies all have a savings or investment component, in addition to providing a death benefit.

In A(n)__________ Insurance Policy, There Is No Savings Component