Pennsylvania Life and Health Insurance Exam Practice Question
Which of the following provides life insurance protection for a specified period of time?
Correct Answer: C
Rationale: Term life insurance offers coverage for a specified period, typically ranging from one to thirty years. It pays a death benefit if the insured passes away within that term, making it an affordable option for temporary needs.
Variable life insurance (A) combines a death benefit with investment options, providing lifelong coverage but not limited to a specific term. Universal life insurance (B) offers flexible premiums and death benefits but also does not confine coverage to a set period. Whole life insurance (D) provides lifetime coverage with fixed premiums and a cash value component, further distinguishing it from term life.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now