What type of insurance offers pure protection, with no cash value associated?

Term life insurance offers pure protection and is designed specifically to provide a death benefit for a specified term or period. Unlike other types of life insurance, such as whole life or universal life, term life does not accumulate cash value. This means that the policyholder is paying only for the risk of death during the term of the policy, making it a more affordable option for many individuals seeking life insurance.

Term life insurance is generally structured to cover specific periods, such as 10, 20, or 30 years, and if the insured does not pass away during that term, coverage ends with no payment made to the beneficiaries or any cash value received by the policyholder. This characteristic distinguishes it from whole life, universal life, or variable life insurance, which include a savings component that grows over time. The focus on pure protection without the complexity of investment options or cash value accumulation makes term life insurance a straightforward and economical choice for those primarily concerned with providing financial security for their loved ones in the event of their untimely death.