term life insurance

noun

life insurance for which premiums are paid over a limited time and that covers a specific term, the face value payable only if death occurs within that term.

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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Premiums for term life insurance are generally inexpensive.

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Another situation where a life insurance plan may be taxable is when you receive benefits related to an employer-sponsored group term life insurance plan.

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The term life insurance policy will pay a death benefit if the owner dies within a specified term.

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But, term life insurance does not offer much else.

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termless term limit

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