Which of the following statements about term insurance is accurate?

The accurate statement regarding term insurance is that it provides pure death protection. Term insurance is designed primarily to offer a death benefit to beneficiaries if the insured passes away during the term of the policy. This means that the primary function of term insurance is to provide financial support to loved ones in the event of the insured's death, making it a straightforward and affordable option for many individuals.

Unlike permanent life insurance policies, term insurance does not accumulate cash value over time, which distinguishes it from other life insurance products. Furthermore, while some term policies may offer renewable options, they do not guarantee renewal for life; renewal terms and conditions can vary and typically depend on the insurer's policies at the time of renewal. The living benefits or cash value accumulation are also features associated with different types of life insurance, such as whole or universal life insurance, rather than term insurance.