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term insurance
noun
: insurance for a specified period that provides for no payment to the insured except on losses during the period and that becomes void upon its expiration
Examples of term insurance in a Sentence
Recent Examples on the Web
For example, many practitioners advocate for term insurance and investing for retirement in mutual funds – a valid strategy for many.
—Todd Purich, Forbes, 10 Jan. 2023
He has been hurt the last two years but remains at least a shrewd short-term insurance policy.
—Dallas News, 8 Sep. 2022
The 2023 dividend is expected to be the highest in company history across four of Northwestern Mutual’s product areas: whole life insurance, term insurance, disability income insurance and annuities, the company said in a statement.
—Joe Taschler, Journal Sentinel, 27 Oct. 2022
Visitors insurance is short-term insurance, primarily focused on medical coverage, to protect you during your travels.
—Christopher Elliott, Forbes, 15 Oct. 2021
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Word History
First Known Use
1897, in the meaning defined above
Dictionary Entries Near term insurance
Cite this Entry
“Term insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/term%20insurance. Accessed 16 Dec. 2024.
Kids Definition
term insurance
noun
: insurance that covers a limited period of time and pays only for losses that occur during that period
Legal Definition
term insurance
noun
: insurance in effect for a set term
specifically
: term life insurance at life insurance
More from Merriam-Webster on term insurance
Britannica.com: Encyclopedia article about term insurance
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