term insurance


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term insurance

n.
Insurance providing coverage for losses to the insured during a stated period but becoming void upon its expiration.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

term insurance

n
(Insurance) life assurance, usually low in cost and offering no cash value, that provides for the payment of a specified sum of money only if the insured dies within a stipulated period of time
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

term′ insur`ance


n.
an insurance policy that provides coverage for a limited period, the value payable only if a loss occurs within the term, and without value upon expiration.
[1895–1900]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.term insurance - low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value; "term insurance is most often associated with life insurance policies"
insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

term insurance

n(zeitlich) befristete Versicherung
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007
References in periodicals archive ?
Extended term insurance 'allows the policyholder to use the cash value to purchase a term insurance policy with a death benefit equal to that of the original whole life policy.'The whole life insurance policy is surrendered in place of the term policy, which will end after a certain number of years.
The GWP for long term insurance and general insurance businesses for the period ending March 31 2019 was 46,429 million rupees compared with the same period in 2018 amounting to 43,925 million rupees.
The firms are to offer a pure life term insurance plan, which is aimed at the underinsured and uninsured segments in India.
Term Insurance, despite being the most fundamental and cheapest form of financial protection, still lacks a significant uptake in urban India.
announced that it has jointly developed with Saint-Plus Small Amounts and Short Term Insurance Co., Ltd.
According to BankBazaar, if you have a surplus fund, you can divide it into term insurance and other investment avenues.
A very large percentage of policies bought for buy-sell arrangements and key person needs are term insurance. So in addition to having a decreased need for coverage, the rising cost of the term insurance may be quite unappealing, if not altogether unaffordable, especially for an aging retired business owner.
When the amount of insurance needed is so great (as it often is for families with young children or for couples with high living standards relative to their incomes) that only term insurance or a term/whole life combination is feasible, the need for death protection should be given first priority.
Term insurance is a life insurance policy where the insured pays a premium at regular intervals(quarterly/bi-annually/annually) and the insurer agrees to pay the benefi ciary or the nominee the sum assured in the event of the insured's premature death during the policy term.
With term insurance, your premium payments are applied entirely to the cost of the insurance, and coverage can easily be dropped when you no longer have dependents.
Collectively the Namsure team will now offer exactly 100 years of work experience in the short term insurance industry", Kohne said.
Term insurance can be an efficient way to protect your clients' incomes during their working years.