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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 See all Example Sentences for term insurance 

Word History

First Known Use

1897, in the meaning defined above

Time Traveler
The first known use of term insurance was in 1897

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

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