term policy

American

noun

Insurance.

a policy whose period of coverage is in excess of one year, usually paying a reduced premium rate, as in fire insurance.

Etymology

Origin of term policy

First recorded in 1895–1900

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.

Before buying a term policy, ask yourself, ‘If I die tomorrow, will my loved ones face any financial problems?’

From MarketWatch

Before buying a term policy, ask yourself, “If I die tomorrow, will my loved ones face any financial problems?”

From MarketWatch

Before buying a term policy, Harrison suggests asking, “How long within the life of this term can I convert this policy to permanent life insurance?”

From MarketWatch

However, he warned that “near term policy uncertainty remains.”

From Barron's

For a 50-year-old male in good health, a 20-year $1 million term policy roughly averages at $234 a month.

From MarketWatch

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