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

Example Sentences

Recent Examples on the Web 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 Policy owners purchase term insurance for all types of great reasons, including to coincide with paying off major financial obligations, such as a mortgage, college tuition or expenses for raising children. Brandon Marz, Forbes, 21 May 2021 Officials plan to tighten the rules for private short-term insurance plans that are not required to cover a full set of benefits. New York Times, 27 Feb. 2021 See More

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.

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 2 Dec. 2022.

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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