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.

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

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]
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
Translations

term insurance

n(zeitlich) befristete Versicherung
References in periodicals archive ?
According to BankBazaar, if you have a surplus fund, you can divide it into term insurance and other investment avenues.
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.
The firm has announced changes to its BrightLife Term insurance product, which would entail lower rates for customers.
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 can be an efficient way to protect your clients' incomes during their working years.
Term insurance wasn't very prevalent in those days.
We find that term insurance demand is positively correlated with measures of bequest motives like being married, having children, and/or subjective measures of strong bequest motives.
Recently I have been talking about various sorts of Term Insurance.
Term insurance provides protection for a limited period of time for a younger person whose insurance needs must be met on a modest budget.
While money will be an issue for anyone with employment uncertainties, the low cost of term insurance makes it a viable stopgap solution for many who need sizable coverage at an affordable price.
Universal life combines the low-cost protection of term insurance with a savings component that is invested in a tax-deferred account, the cash value of which may be available for a loan to the policyholder, according to investorwords.
Should you buy term insurance through your employer?