Another name for temporary life insurance is:

Understand the Problem

The question is asking for an alternate term for temporary life insurance from a list of multiple choice options. We will identify the correct term that matches the concept of temporary life insurance.

More Information

Term life insurance is designed to provide coverage for a specific period or term, making it a temporary form of life insurance compared to permanent options like whole life insurance.

Tips

A common mistake is confusing term life insurance with whole life insurance, which is permanent. Always consider the duration of coverage.

Sources

• Term or Permanent Life Insurance - newyorklife.com
• Term Life Insurance Definition - investopedia.com
• Different Types of Life Insurance | Progressive - progressive.com