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.
term policy Meaning
Webster
term policy ()
A policy of term insurance.
Synonyms & Antonyms of term policy
No Synonyms and anytonyms found
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.
