term policy

American  

noun

Insurance.

1. a policy whose period of coverage is in excess of one year, usually paying a reduced premium rate, as in fire insurance.

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Etymology

Origin of term policy

First recorded in 1895–1900

Example Sentences

Before buying a term policy, ask yourself, ‘If I die tomorrow, will my loved ones face any financial problems?’

From MarketWatch • Feb. 13, 2026

However, he warned that “near term policy uncertainty remains.”

From Barron's • Feb. 11, 2026

Parliament should give the new department "core objectives and mandates" that "endure beyond the tenure of individual ministers" to avoid repeated short term policy change, the authors say.

From BBC • Apr. 8, 2024

You should be prepared for this whether you are applying for whole life or a term policy.

From Encyclopedia.com • Dec. 3, 2018

In the short term, policy experts expect that the combination of increased tax revenue and reduced government spending would put a drag on the economy.

From New York Times • Dec. 1, 2012