What is one major benefit of term insurance?

Term insurance is primarily designed to provide death protection for a specific period, making it an ideal choice for individuals seeking straightforward coverage without additional complexities. The primary benefit of term insurance is indeed that it offers pure death protection, which means that in the event of the policyholder's death during the term, the designated beneficiaries receive the death benefit.

This simplicity is one of the key reasons many people choose term insurance. It is typically more affordable than whole life or universal life insurance because it does not include a cash value component, which can be an attractive feature for those who are primarily focused on ensuring financial security for their loved ones in the event of their passing.

In contrast, other types of life insurance products may build cash value over time or provide coverage for the entirety of the policyholder’s life, but these features are not characteristics of term insurance. Additionally, term policies usually have fixed premiums for the term but lack the flexibility in premium adjustments seen in some permanent policies. Thus, the pure death benefit aspect of term insurance is its most defining and advantageous characteristic.