Which of the following insurance types provides a benefit only if the insured dies within a stated period?

Term life insurance is specifically designed to provide a death benefit only if the insured passes away during a specified term or coverage period. This means that if the policyholder dies within the agreed timeframe, the beneficiaries receive the death benefit. However, if the insured survives beyond this period, the policy expires, and there is no payout.

In contrast, whole life insurance offers coverage for the insured's entire life, providing a benefit upon death regardless of when it occurs. Endowment insurance also pays out a benefit either upon the death of the insured or if they survive to the end of the policy term, thus providing a payout either way. General liability insurance is unrelated to life insurance, as it protects businesses from claims of bodily injury and property damage rather than offering personal death benefits. Therefore, only term life insurance aligns with the specific provision of paying out a benefit within a defined period.