Which of the following describes a policy providing a defined income until the insured's death, with no benefits payable after death?

The policy that provides a defined income until the insured's death, with no benefits payable after death, is best described as life income. This type of policy guarantees a stream of income for the life of the insured, which is particularly beneficial for ensuring financial security during the insured's lifetime. Once the insured passes away, no further payments are made, meaning the benefits are only available to the insured while they are alive.

This structure is crucial for individuals who want to have a predictable income source in retirement or to meet ongoing expenses, knowing that it ceases upon their death. This makes it distinct from other types of insurance products, such as term life insurance, which offers a payout only if death occurs within a specified term, or endowment insurance, which provides benefits upon maturity of the policy or death. Permanent life insurance, on the other hand, typically has a cash value component and can provide benefits to beneficiaries after the insured’s death.