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term insurance

an insurance policy that provides coverage for a limited period, the value payable only if a loss occurs within the term, with nothing payable upon its expiration.
Origin of term insurance
First recorded in 1895-1900 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for term insurance
Contemporary Examples
  • I am trying to decide whether I should convert some or all of my term insurance into whole life insurance.

    Ask the Blogger Megan McArdle December 3, 2012
Historical Examples
British Dictionary definitions for term insurance

term insurance

life assurance, usually low in cost and offering no cash value, that provides for the payment of a specified sum of money only if the insured dies within a stipulated period of time
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Contemporary definitions for term insurance's 21st Century Lexicon
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