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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.


Etymology

Origin of term policy

First recorded in 1895–1900

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.

See Examples For:

A Moneyist reader in their 80s paid into a $250,000 term policy long after his level-premium period expired.

From MarketWatch Jun. 9, 2026

He is now considering a 20-year term policy.

From The Wall Street Journal Jun. 7, 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

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