Which of the following is a common feature of term life insurance?

Term life insurance is characterized by its provision of coverage for a specified period, known as the term length. This can range from one year to several decades, depending on the policy chosen by the insured. If the insured passes away during this designated term, the beneficiaries receive the death benefit payout. This feature distinguishes term life insurance from permanent life insurance, which does not have a set term and typically builds cash value over time.

Essentially, term life insurance offers a straightforward protection plan that pays out benefits only if the insured dies during the specified time frame, making it more affordable compared to permanent options. This is why the specification of a term length is a common feature of term life insurance.