term life insurance

American

noun

life insurance for which premiums are paid over a limited time and that covers a specific term, the face value payable only if death occurs within that term.

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

WSJ | Buy Side: Understand how 20-year term life insurance works, the costs and who it can help the most.

From The Wall Street Journal

Term life insurance is for a fixed period of time and does not have a cash surrender value.

From MarketWatch

The takeaway for you: You stop paying for term life insurance when you are financially independent, your death would not put your wife under terrible financial pressure and/or when the term expires or premiums rise significantly, whichever comes first.

From MarketWatch

At what stage should I reduce or stop paying for my term life insurance?

From MarketWatch

I also have $500,000 in term life insurance from my employer.

From MarketWatch

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023