What does term insurance mean?
Definitions for term insurance
ter·m in·sur·ance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word term insurance.
Princeton's WordNet
term insurancenoun
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"
ChatGPT
term insurance
Term insurance is a type of life insurance policy that provides coverage for a specific period of time, or term. If the insured person dies during this period, the death benefit will be paid out to the beneficiaries. It does not have a cash value component like whole life insurance, making it a more affordable option for many people. If the insured survives till the end of the term, the coverage ceases and no payout is made. The person can choose to renew or purchase a new policy at the end of the term.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of term insurance in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of term insurance in Pythagorean Numerology is: 7
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"term insurance." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/term+insurance>.
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