It's a type of life insurance that provides pure protection, only a death benefit, and no cash value inside the policy.
Basically, it's term life insurance, since term is only a death benefit policy with no investment feature or cash value from which to take a loan.
Death benefit life insurance is the cheapest form of life insurance you can buy because there is no cash value and you may outlive the duration of your protection.
Usually, term life insurance policies offer coverage lasting for a period of 10, 15, 20, 25 or 30 years.
If the insured person dies during the policy term, the death benefit is paid out to the beneficiary of the life insurance policy.