How does term life differ from permanent life?

How does term life differ from permanent life?

• A. Term life has a cash value; permanent life does not.
• B. Term life lasts for life; permanent life lasts a term.
• C. Term life provides temporary coverage with no cash value; permanent life lasts for the insured's life and includes a cash value component.
• D. Term life is always more expensive than permanent life.

Answer: (C)