Which of these life insurance policies do NOT contain a cash value provision?

Decreasing term life insurance is distinct from the other types of life insurance policies mentioned because it does not accumulate cash value over time. This type of policy provides coverage that decreases over the term of the policy, typically used for specific purposes, such as covering a mortgage or other debt where the amount owed decreases as payments are made.

In contrast, whole life, universal life, and variable life insurance policies are designed to build cash value. Whole life insurance includes guaranteed cash value at a set interest rate, while universal life offers flexible premiums with cash value accumulation based on a declared interest rate. Variable life insurance allows policyholders to invest cash value in various investment options, which can lead to fluctuating cash values based on market performance.

The distinguishing characteristic of decreasing term life insurance is that it focuses solely on providing a death benefit, with no cash value component, making it the correct answer in this scenario.