Life · Chapter 4 · Term Life
Term (Temporary) Life
Definition
Pure protection for a limited period. Pays only if the insured dies during the term. No cash value. Greatest death benefit per premium dollar.
Exam tip
If a question just says "a term policy," assume level term.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms