Which of the following is an example of term insurance?

Term insurance is a type of life insurance that provides coverage for a specified period or "term." It pays out a benefit if the insured passes away during that term, but does not build cash value over time like some other types of life insurance.

Mortgage life insurance specifically fits the definition of term insurance. It is designed to pay off a mortgage in the event of the borrower's death. This coverage lasts until the mortgage is paid off or the term ends, aligning perfectly with the fundamental characteristic of term insurance: it provides protection for a limited duration.

In contrast, whole life insurance, universal life insurance, and variable life insurance fall into the category of permanent life insurance. These policies offer lifelong coverage and typically include a savings or investment component, allowing them to build cash value over time. This distinction highlights why mortgage life insurance is the correct example of term insurance, as it focuses solely on providing a death benefit for a predetermined period without any cash value accumulation.