ALL meanings of term insurance
term in·sur·ance
T t - noun term insurance 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. 1
- noun 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 0
- noun term insurance life insurance which expires at the end of a specified period of time 0
- noun term insurance Term insurance is a type of life insurance which is paid only if the person dies within a particular period of time. 0