term life insurance

Definition of "term life insurance"
  1. A simple insurance that provides monetary benefits if a policyholder dies during a specific time period, but doesn't accumulate cash value or serve as loan collateral
How to use "term life insurance" in a sentence
  1. He decided to buy term life insurance to ensure financial security for his family.
  2. As a young, healthy individual, her yearly premium for term life insurance was quite low.
  3. Renewal of the term life insurance policy became more costly as the aging policyholder's risk of death increased.

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