Term insurance:
A)Is more expensive than straight life
B)Builds up cash value
C)Pays more than the face amount
D)Provides temporary protection
E)None of these

Question

Quizplus · Accepted Answer

Term insurance provides temporary protection for a limited period of time, typically 10, 20, or 30 years. It does not build up cash value, and it is generally less expensive than permanent life insurance such as whole life or universal life. It pays the face amount (death benefit) if the insured dies during the policy term, but nothing if the policy expires before death.

Term Insurance