Which statement is true about term life insurance?

A. Term life insurance is usually the most expensive option for a young policy holder.

B. Term life insurance policies are permanent.

O

C. Term life insurance premiums increase as a person ages.

D. Term life insurance pays benefits to named beneficiaries when the policy holder dies during

the duration of the policy.

The correct answer is D. Term life insurance pays benefits to named beneficiaries when the policy holder dies during

the duration of the policy.

Step-by-step explanation:

After when someone dies, the beneficiary of the life insurance policy will require to make a death claim to receive the insurance amount. When you have a term life insurance policy, the value or the death benefit, it will not have any impact on the benefits you receive. Life insurance is one of the type of insurance, or risk protection, that gives payment to a nominated beneficiary after the policyholder's death. Term life insurance pays advantages to those who named beneficiaries when the policy holder dies during the time of the policy ... When a person dies, the insurance company investigates and then claim and then pays out to the death benefit.