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What are three components of a life insurance policy?

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What are three components of a life insurance policy?

I want to ask this question from Insurance subject matter

This question was posed to me in unit test.

Other related questions to my question are:-

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

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The correct answer by me is: - Death Benefit and Face Value. What is the face value of life insurance?   

- Premiums. Premiums are the money you pay to get insurance coverage.   

- Cash Value. The cash value in a permanent life insurance policy is a savings account that the policyholder can use while active.

The title of my answer is Life Insurance: The Ultimate Guide (2022)

The heading of my answer is The Components Of A Life Insurance Policy

The reference of my answer is The Annuity Expert

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