Which of the following best describes term life insurance?
a. The insured pays the premium until his or her death.
B. The insured pays a premium for a specified number of years.
C. The insured is covered during his or her entire lifetime.
D. The insured can borrow or collect the cash value of the policy.
"D. The insured pays a premium for a specified number of years." would be the best option from the list, since this refers to life insurance that is paid out at set rates and intervals, instead of varying rates over time.
