term insurance

  1. 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

Words Nearby term insurance

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How to use term insurance in a sentence

British Dictionary definitions for term insurance

term insurance

  1. 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

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