Which type of insurance policy provides pure death protection?

Term insurance is designed specifically to provide pure death protection for a specified period of time. This means that if the insured person passes away during the term of the policy, the beneficiaries receive a death benefit. If the insured survives the term, there is no payout, and the policy simply expires without value.

This characteristic of term insurance differentiates it from other types of life insurance. Whole life insurance, for example, includes a savings component and builds cash value over time, while universal life insurance offers flexibility in premium payments and death benefits, also including a cash value component. Variable life insurance allows policyholders to invest in various sub-accounts, which can affect both the cash value and the death benefit. In contrast, term insurance focuses solely on providing financial protection against the risk of death for the specified term without any additional saving or investment features.