term insurance

1. 1.

   low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value

   “term insurance is most often associated with life insurance policies”

   Broaderinsurance

Questions about term insurance

What does term insurance mean?

term insurance means "low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value".

Is term insurance a common word?

term insurance is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.