Term life insurance provides coverage for a specific period of time and pays out a death benefit to the beneficiary if the policyholder dies within the term of the policy. (lifeinsurance.org)
Also, no benefits would be paid if the insured doesn't die within the term period. (ampminsure.org)
Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the policy. (lifeinsurance.org)