Which of the following insurance types is only intended to provide insurance in the event of death?

Question

Quizplus · Accepted Answer

Term life insurance provides coverage for a specific term (e.g. 10, 20, or 30 years) and only pays out a death benefit if the insured dies during that term. Whole life, universal life, and variable life offer both a death benefit and a cash value component, which can grow over time and be used for investments or loans.

Which of the Following Insurance Types Is Only Intended to Provide