_____ is a form of insurance that does not accumulate any value over the contract term.

Question

Quizplus · Accepted Answer

Term insurance is a type of life insurance that provides coverage for a specific period of time and does not accumulate any cash value over the term of the policy. Once the policy term ends, the coverage also ends. This is in contrast to permanent life insurance, such as whole life or universal life insurance, which do accumulate cash value over time. Buyout insurance and period insurance are not commonly used or recognized terms in the insurance industry.

_____ Is a Form of Insurance That Does Not Accumulate