This refers to an insurance policy that provides only death benefits for a specified period of time. Upon the cancellation of a whole life insurance policy, this provision of the contract entitles the policyholder to claim the portion of assets that were set aside to provide payment for the contract's future death benefit. The benefits provided by this life insurance policy are determined by the returns generated by investments selected by the policyholder. This method of settling a life insurance policy requires the insurer to make a single payment to the beneficiaries. This refers to uncertainty regarding a potential economic loss