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definitions

term insurance

noun

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.

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Nearby words

  1. terhune,
  2. teriyaki,
  3. term,
  4. term day,
  5. term infant,
  6. term life insurance,
  7. term limit,
  8. term limits,
  9. term of art,
  10. term paper

Origin of term insurance

First recorded in 1895–1900
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for term insurance

term insurance

noun

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