WHICH OF THE FOLLOWING BEST DESCRIBES TERM LIFE INSURANCE ?

WHICH OF THE FOLLOWING BEST DESCRIBES TERM LIFE INSURANCE?

1. The insured is covered during his or her entire lifetime.
2. The insured pays the premium until his or her death.
3. The insured pays a premium for a specified number of years.
4. The insured collects interest on the value of the policy.

The correct answer is: “The insured pays a premium for a specified number of years”. 

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