Final answer:
Term life insurance is the best description for a policy with no cash value and increasing premiums over time.
Step-by-step explanation:
The insurance policy described, with no cash value and increasing premiums over time, is known as Term life insurance. Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years. It does not accumulate cash value and the premiums increase over time due to the increased risk of mortality as the insured person ages.