What type of insurance is written for a specified number of years and terminates at the end of that period?

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Quizplus · Accepted Answer

Term insurance is written for a specified number of years (such as 10, 20, or 30 years) and terminates at the end of that period. This type of insurance is often less expensive than whole life or universal insurance, but it does not build cash value or provide coverage for the insured's entire life.

What Type of Insurance Is Written for a Specified Number