Which statement best describes term life insurance?

解析

Term insurance provides pure death benefit protection for a stated period (for example, 10 or 20 years) and, because there is no savings element, it generally builds no cash value, which makes it the lowest-cost way to buy a large death benefit. Lifetime protection to attained age 121 with a guaranteed cash value each year describes permanent (whole) life. Skipping premiums by drawing on a savings element is a cash-value feature term does not have. Paying an endowment benefit because the insured is still living when the term expires is backwards: term pays if the insured dies during the term, not if the insured survives it.