Primerica Life Producer Exam Practice Test 2025 – Complete Prep Resource

One of the main benefits of term insurance for policyholders is that it is typically more affordable than permanent insurance. Term insurance offers coverage for a specified period, usually ranging from one to thirty years, and is designed primarily to provide death benefits without the investment component that comes with permanent policies. This straightforward nature makes it less expensive, allowing individuals to secure a larger coverage amount at a lower premium compared to permanent insurance options that accumulate cash value over time.

In contrast to other options, term insurance does not build substantial cash value, does not guarantee lifelong coverage, and often does not provide additional riders without extra costs. This affordability makes term insurance an attractive choice for many individuals seeking financial protection for their dependents without the higher costs associated with permanent life insurance policies.