Which of the following life insurance policies does not develop a cash value

A term life policy is exactly what the name implies: Coverage for a specific term or length of time, typically between 10 and 30 years. It is sometimes called pure life insurance because, unlike whole life insurance, there's no cash value to the policy.

Which of the following life insurance policies does not build cash value?

Term life is typically less expensive than a permanent whole life policy – but unlike permanent life insurance, term policies have no cash value, no payout after the term expires, and no value other than a death benefit.

Which of the following policies generally does not have a cash value?

Term insurance generally offers the largest insurance protection for your premium dollar. It generally does not build up cash value. You can renew most term insurance policies for one or more terms, even if your health has changed.

Which of the following life insurance policies does not build cash value quizlet?

Term insurance does not build cash value.

Which type of life insurance develops a cash value?

Universal life insurance is also referred to as "flexible premium adjustable life insurance." It features a savings element (cash value) that grows on a tax-deferred basis. The insurer invests a portion of your premiums.