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- DictionaryTerm life in·sur·ance
noun
- 1. life insurance that pays a benefit in the event of the death of the insured during a specified term.
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Jan 11, 2024 · Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during the specified term.
Jul 30, 2024 · Term life insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified “term” of years. If the insured...
Apr 5, 2024 · Key terms in this article. What is term life insurance? Term life insurance offers temporary coverage for a specific period of time, such as 10, 20 or 30 years. As long as you keep up...
Jul 9, 2024 · Term life insurance is a contract between a policyholder and an insurance company that says if the insured person passes away within the time period of the policy, the insurer will pay...
Jun 24, 2024 · Term life insurance is a type of life insurance policy that provides coverage for a predetermined number of years. When purchasing a term life policy, you’ll select a term...
Jul 31, 2024 · A term life insurance policy is a contract that lasts for a set period of time (usually between 10-30 years) where the insurance company pays your beneficiaries a lump sum if you die while the policy is active.
Aug 21, 2024 · Term life insurance offers locked-in rates for a level term length and is often the most inexpensive form of life insurance coverage. Whole life insurance is often expensive, but...
Apr 28, 2024 · Term life insurance is a type of life insurance policy that has a specified end date, like 20 years from the start date. The death benefit will only be paid out if the insured...
Jul 9, 2024 · Term life is the simplest type of life insurance. It covers you for a set number of years. If you die within the term of the policy, your life insurance beneficiaries receive a death...
Aug 2, 2024 · Term life insurance offers financial protection to partners, spouses and dependents. If you are single and don't have any outstanding debts that could be passed on to your extended family or estate, you may not need a term life insurance policy.
