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What are the main elements of life insurance?

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What are the main elements of life insurance?

I would like to ask this question from Insurance

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Other related questions to my question are:-

What are the 3 elements that make up the life insurance premium?

What are the 4 elements of an insurance contract?

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The correct answer is: A life insurance policy has two main components—a death benefit and a premium. Term life insurance has these two components, but permanent or whole life insurance policies also have a cash value component.

The title of my answer is Life Insurance Guide to Policies and Companies

My answer's reference is Investopedia

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