Definitions
There is 1 meaning of the phrase
Term Insurance.
Term Insurance - as a noun
Low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value
Example: "Term insurance is most often associated with life insurance policies"
Example Sentences
"Many people prefer term insurance because it is generally more affordable than whole life insurance."
"The main advantage of term insurance is that it offers higher coverage at a lower cost."
"Some term insurance policies can be converted into permanent life insurance later on."
"Premiums for term insurance are usually level and remain the same throughout the policy term."
"Many people choose term insurance as a way to cover a mortgage or other debts."
