term insurance

noun

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

1897


TERM INSURANCE Defined for English Language Learners

term insurance

noun

Definition of term insurance for English Language Learners

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


Law Dictionary

term insurance

noun

legal Definition of term insurance

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

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