It consists of just pure death benefit coverage, and it contains no cash value build up or savings component of any kind. (lifeinsuranceunited.com)
These plans are typically offered as whole life insurance — which means that there is both death benefit protection and a cash value / savings component in the plan. (burialinsuranceplans.org)
In addition to death benefits, many policies also offer savings components to provide an extra sum of liquidity if needed. (mobank.com)