What is a key feature of most term insurance plans? Option: They offer guaranteed bonuses and additional benefits., They provide coverage for the policyholder's entire life., They have an assured minimum sum that the insurer promises to pay., They have a surrender value that can be redeemed.

What is a key feature of most term insurance plans?

Does term insurance typically offer a maturity benefit?

What type of life insurance offers coverage for a specific period and does not include a savings component?

What is a key advantage of term insurance compared to whole-life insurance?

What is the primary characteristic of term insurance that distinguishes it from whole-life insurance?

What is the primary distinction between term insurance and life insurance?