A term life policy is the least expensive way to
A) build a big estate when you die.
B) insure your life and provide for your responsibilities in the event of unexpected death.
C) save for your retirement years as the policy builds cash value.
D) insure your health, ability to work and your life all in one policy.

Question

Quizplus · Accepted Answer

Term life insurance is specifically designed to provide financial protection for a set period of time, such as 10 or 20 years, and pays out a death benefit to the beneficiary if the insured dies during the term. It is generally less expensive than permanent life insurance because it does not build cash value and only provides a death benefit.

A Term Life Policy Is the Least Expensive Way to