term insurance

noun
|Updated on: 7 Jul 2018

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

Recent Examples of term insurance from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'term insurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of term insurance

1897

in the meaning defined above

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TERM INSURANCE Defined for English Language Learners

term insurance

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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