________ provides only a benefit upon death, and the premiums are lower than whole life insurance, which provides coverage in the event of death as well as investment potential and retirement income.

Question

Quizplus · Accepted Answer

Term insurance is designed to offer life coverage for a specific period or "term," paying out a benefit only if the insured dies during that term. Unlike whole life insurance, it does not include an investment component or offer retirement income, which results in lower premiums.

________ Provides Only a Benefit Upon Death, and the Premiums