Which of the following types of insurance policies provides temporary coverage for a set period?
A) Universal life insurance policy
B) Whole life insurance policy
C) Variable life insurance policy
D) Term life insurance policy
E) Extended life insurance policy

Question

Quizplus · Accepted Answer

Term life insurance policies provide temporary coverage for a set period of time, such as 10, 20, or 30 years. Once the policy term is over, the coverage ends unless it is renewed or converted to a permanent policy. Universal, whole, and variable life insurance policies are all types of permanent life insurance policies that provide lifelong coverage. Extended life insurance policies are not a recognized type of insurance policy.

Which of the Following Types of Insurance Policies Provides Temporary