What type of insurance policy requires the payment of premiums throughout the life of the insured and pays the beneficiary the face value of the policy upon the insured's death?

A) Limited-payment life insurance
B) Universal life insurance
C) Straight life insurance
D) Term life insurance

Straight Life Insurance

A type of life insurance policy that provides coverage for the insured's lifetime, with premiums typically paid until death.

Premiums

Payments made for insurance coverage, often periodically to maintain the insurance policy.

Beneficiary

An individual or entity chosen to receive benefits or assets from a will, insurance policy, or trust.