Which of the following is NOT a type of permanent life insurance?

Term life insurance is designed to provide coverage for a specified term or period, typically ranging from one to thirty years. It offers a death benefit if the insured passes away during the term, but it does not accumulate cash value or provide coverage beyond the defined term. This feature contrasts with permanent life insurance policies, which are structured to last for the insured's lifetime and have a cash value component that can grow over time.

In permanent life insurance options like whole life, universal life, and variable life, premiums are higher and designed to remain in force for the lifetime of the policyholder. They accumulate cash value, which the insured can borrow against or withdraw in certain circumstances. Therefore, understanding the fundamental differences between term life insurance and the various types of permanent life insurance is essential for anyone preparing for the Florida 2-15 Insurance License exam.