term policy (Meaning)
Webster
term policy ()
A policy of term insurance.
Synonyms & Antonyms of term policy
No Synonyms and anytonyms found
term policy Sentence Examples
- Term policies offer life insurance coverage for a specific period, typically ranging from 5 to 30 years.
- Term policies are generally more affordable than permanent life insurance policies.
- The death benefit of a term policy is paid to the beneficiaries only if the insured dies within the policy term.
- Term policies do not have a cash value component like permanent life insurance policies.
- Some term policies offer riders that can provide additional coverage, such as disability income or accidental death benefits.
- Term policies are a good option for individuals who need temporary life insurance coverage at an affordable price.
- The premiums for term policies typically increase as the policyholder ages.
- Term policies can be used to cover specific financial needs, such as paying off a mortgage or funding a child's education.
- Term policies are non-renewable, meaning they cannot be extended beyond the initial policy term.
- Term policies can provide peace of mind to individuals by ensuring that their loved ones will have financial support if they pass away unexpectedly.
FAQs About the word term policy
A policy of term insurance.
No synonyms found.
No antonyms found.
Term policies offer life insurance coverage for a specific period, typically ranging from 5 to 30 years.
Term policies are generally more affordable than permanent life insurance policies.
The death benefit of a term policy is paid to the beneficiaries only if the insured dies within the policy term.
Term policies do not have a cash value component like permanent life insurance policies.
