Which feature characterizes a term life policy compared to permanent life?

Which feature characterizes a term life policy compared to permanent life?

• A. Term life provides temporary coverage with little or no cash value, while permanent life provides lifetime coverage with cash value.
• B. Term life provides cash value growth; permanent life does not.
• C. Term life has guaranteed premiums; permanent life premiums vary.
• D. Term life death benefit increases with time; permanent death benefit decreases.

Answer: (A)