term life
- Insurance providing coverage for a specific period, which pays out to a beneficiary if death occurs within that time, but pays nothing if the insured person outlives the term
- He decided on term life insurance to provide financial security for his young family in his absence.
- If his term life policy expires and he is still alive, there will be no payout.
- She purchases a 20-year term life policy to cover her mortgage in case anything happens to her.
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