What is characteristic of the pure life income option in life insurance?

The pure life income option in life insurance is characterized by installments being provided until the insured's death without a return of the principal. This means that the payments are contingent solely on the life of the insured; once they pass away, the payments cease, and there is no leftover capital that would be returned to beneficiaries or the estate. This option is designed to provide a steady stream of income for the insured throughout their lifetime, ensuring that they receive financial support for as long as they are alive.

The absence of a principal return indicates that if the insured lives longer than expected, they will benefit from the arrangement, receiving payments for any additional years beyond what might have been anticipated. However, if the insured passes away shortly after the payments begin, there would be no funds left to provide to heirs. This structure makes the pure life income option appealing for individuals looking for maximum income during their lifetime without concern for what happens to the remaining funds after their death.