Which statement best describes the relationship between permanent life insurance and term life?

Which statement best describes the relationship between permanent life insurance and term life?

• A. Term life provides cash value; permanent life provides pure protection.
• B. Permanent life builds cash value and lasts a lifetime; term life provides protection for a period.
• C. Term life lasts for life; permanent is for a period of years only.
• D. Both provide cash value and last a lifetime.

Answer: (B)