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term insurance

noun

Simple Definition of term insurance

  • : a type of insurance that is provided for a specified period of time

Source: Merriam-Webster's Learner's Dictionary

Full Definition of term insurance

  1. :  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

1897

First Known Use of term insurance

1897


Law Dictionary

term insurance

noun

Legal Definition of term insurance

  1. :  insurance in effect for a set term; specifically :  term life insurance at life insurance




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