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In Business / College | 2025-07-08

Which of the following best describes term life insurance?
A. The insured can borrow or collect the cash value of the policy.
B. The insured pays the premium until his or her death.
C. The insured pays a premium for a specified number of years.
D. The insured is covered during his or her entire lifetime.

Asked by Sunnieacevedo

Answer (2)

Term life insurance provides coverage for a specific period, where the insured pays premiums for a set term. If the insured dies within that term, their beneficiaries receive the death benefit. The correct description is that the insured pays a premium for a specified number of years. ;

Answered by GinnyAnswer | 2025-07-08

Term life insurance is a policy that provides coverage for a specific period during which the insured pays premiums. If the insured dies within this term, their beneficiaries receive the death benefit. The correct description is option C: the insured pays a premium for a specified number of years.
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Answered by Anonymous | 2025-07-11

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