term insurance

noun

: 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

Examples of term insurance in a Sentence

Recent Examples on the Web For example, many practitioners advocate for term insurance and investing for retirement in mutual funds – a valid strategy for many. Todd Purich, Forbes, 10 Jan. 2023 He has been hurt the last two years but remains at least a shrewd short-term insurance policy. Dallas News, 8 Sep. 2022 The 2023 dividend is expected to be the highest in company history across four of Northwestern Mutual’s product areas: whole life insurance, term insurance, disability income insurance and annuities, the company said in a statement. Joe Taschler, Journal Sentinel, 27 Oct. 2022 Visitors insurance is short-term insurance, primarily focused on medical coverage, to protect you during your travels. Christopher Elliott, Forbes, 15 Oct. 2021 People who hold life insurance, term insurance, disability insurance and many annuities receive dividends from Northwestern Mutual. Sarah Hauer, Milwaukee Journal Sentinel, 27 Oct. 2021 Many older homeowners prefer to leave their home equity alone as long-term insurance against unexpected expenses like health costs, and instead take out a home equity credit line as needed. Next Avenue, Forbes, 15 Oct. 2021 Customers also need to take out short-term insurance and items must be returned to the shop in the condition they were loaned. Roxanne Robinson, Forbes, 24 May 2021 However, a whole-life or universal-life policy may cost 5 to 15 times more than a term insurance policy with the same death benefit. Brandon Marz, Forbes, 21 May 2021

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'term insurance.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1897, in the meaning defined above

Time Traveler
The first known use of term insurance was in 1897

Dictionary Entries Near term insurance

Cite this Entry

“Term insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/term%20insurance. Accessed 30 May. 2024.

Kids Definition

term insurance

noun
: insurance that covers a limited period of time and pays only for losses that occur during that period

Legal Definition

term insurance

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

More from Merriam-Webster on term insurance

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