________ policies have no cash value and provide insurance only.
A)Endowment insurance
B)Term life insurance
C)Permanent insurance
D)Annuity insurance

Question

Quizplus · Accepted Answer

Term life insurance policies are pure insurance policies, meaning they do not have a cash value component. They provide coverage for a specific period of time and pay out a death benefit if the insured dies during that time frame. Endowment insurance and permanent insurance, on the other hand, have a savings or investment component and can build cash value over time. Annuity insurance provides income payments, rather than a death benefit.

________ Policies Have No Cash Value and Provide Insurance Only