Simple Definition of term insurance
: a type of insurance that is provided for a specified period of time
Full Definition of term insurance
: insurance for a specified period that provides for no payment to the insured except on losses during the period and that becomes void upon its expiration
First Known Use of term insurance
Legal Definition of term insurance
: insurance in effect for a set term; specifically : term life insurance at life insurance
Learn More about term insurance
Britannica.com: Encyclopedia article about "term insurance"
Seen and Heard
What made you want to look up term insurance? Please tell us where you read or heard it (including the quote, if possible).