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

These products are more complex than basic term insurance, though, so buyers should carefully review policy illustrations, guarantees, fees and potential cash value performance before purchasing. — Matt Richardson, CBS News, 2 Nov. 2026

That can lead to term insurance for temporary coverage, or permanent solutions for long-term planning. — Sergei Klebnikov, Forbes.com, 10 July 2025

In fact, the type of life insurance many investors are most familiar with is term insurance. — Cicely Jones, Forbes, 21 Jan. 2025

He has been hurt the last two years but remains at least a shrewd short-term insurance policy. — Dallas News, 8 Sep. 2022

Word History

First Known Use

1897, in the meaning defined above

Rhymes for term insurance

• reassurance
• reinsurance
• assurance
• durance

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