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.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use term insurance in a sentence
“Short term insurance provides an important and affordable option for many consumers in need of temporary and flexible coverage lengths,” Maria Gordon Shydlo, a UnitedHealthcare spokesperson, said in an emailed statement regarding Golden Rule.He Bought Health Insurance for Emergencies. Then He Fell Into a $33,601 Trap. | by Jenny Deam | May 8, 2021 | ProPublica
I am trying to decide whether I should convert some or all of my term insurance into whole life insurance.
Roughly, the same amount of term insurance may be taken out for each child.
Renewable term-insurance premiums are lower than straight life insurance because in the former there is no cash surrender value.
term insurance, like fire insurance, buys protection—and nothing else.
British Dictionary definitions for 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