The correct answer is: B. Death benefit.
Term insurance is a type of life insurance that provides coverage for a specified period of time, known as the term. If the insured person dies during the term, the death benefit is paid to the beneficiaries. Term insurance does not have a savings or investment component, and there is no maturity benefit.
A savings benefit is a feature of some life insurance policies that allows the policyholder to accumulate cash value over time. This cash value can be used to pay for the premiums, to borrow against, or to withdraw as a lump sum.
A death benefit is the amount of money that is paid to the beneficiaries of a life insurance policy when the insured person dies. The death benefit is typically a multiple of the insured person’s annual income.
A maturity benefit is a feature of some life insurance policies that provides a lump sum payment when the policy reaches maturity. The maturity benefit is typically equal to the amount of the premiums that have been paid, plus interest.
A bonus benefit is a feature of some life insurance policies that provides additional payments to the beneficiaries if the insured person dies during a certain period of time, such as the first few years of the policy.