term insurance (Meaning)
term insurance (n)
low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value
term insurance ()
Insurance for a specified term providing for no payment to the insured except upon losses during the term, and becoming void upon its expiration.
Synonyms & Antonyms of term insurance
No Synonyms and anytonyms found
term insurance Sentence Examples
- Term insurance provides financial protection for a specified period and a predetermined death benefit.
- Unlike whole life insurance, term insurance only covers you for a certain amount of time.
- If you pass away during the term, term insurance will pay out the death benefit to your designated beneficiary.
- Term insurance premiums are typically lower than whole life insurance premiums.
- You can choose the length of your term, which can range from 10 to 30 years.
- Term insurance is suitable for individuals who want affordable and temporary life coverage.
- It is important to regularly review your term insurance policy to ensure that your coverage is still adequate.
- If your term expires and you want to maintain coverage, you will need to renew your policy or purchase a new one.
- Some term insurance policies include additional riders, such as riders for accidental death or dismemberment.
- Consulting with an insurance professional can help you determine if term insurance is the right choice for you.
FAQs About the word term insurance
low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan valueInsurance for a specified term providing for no p
No synonyms found.
No antonyms found.
Term insurance provides financial protection for a specified period and a predetermined death benefit.
Unlike whole life insurance, term insurance only covers you for a certain amount of time.
If you pass away during the term, term insurance will pay out the death benefit to your designated beneficiary.
Term insurance premiums are typically lower than whole life insurance premiums.
