term insurance

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Definitions from WordNet

Noun term insurance has 1 sense

term insurance - low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value; "term insurance is most often associated with life insurance policies"
--₁ is a kind of insurance

Definitions from the Web

Term Insurance

Description:

Term insurance is a type of life insurance that provides coverage for a specified period or "term" of time. Unlike permanent life insurance, such as whole life or universal life, term insurance does not accumulate cash value and is designed to provide a death benefit only.

Sample Sentences:

Noun:

He purchased a term insurance policy to ensure financial security for his family in case of his untimely death.
Term insurance tends to be more affordable compared to permanent life insurance policies.

Adjective:

They opted for a short-term insurance plan to cover their mortgage until it was fully paid off.
The company offers various term insurance options tailored to different needs and budgets.

Verb:

She decided to term insure her husband to protect against any unforeseen circumstances.
They asked their financial advisor whether it was wise to term insure their children for additional peace of mind.

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