A life policy that pays the sum assured if the policyholder dies anytime within the policy period is?

A. term assurance
B. pure endowment
C. whole life insurance
D. personal accident insurance

Correct Answer: Option A

A. term assurance

Explanation

A term assurance policy will be set up to last for a certain period of time (usually a specific number of years or until you reach a certain age): this is known as the term of the policy. Payment will only be made in the event of your death during that period.