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
Example Sentences
Recent Examples on the Web Visitors insurance is short-term insurance, primarily focused on medical coverage, to protect you during your travels. 
Christopher Elliott, Forbes, 15 Oct. 2021 People who hold life insurance, term insurance, disability insurance and many annuities receive dividends from Northwestern Mutual. Sarah Hauer, Milwaukee Journal Sentinel, 27 Oct. 2021 Many older homeowners prefer to leave their home equity alone as long-term insurance against unexpected expenses like health costs, and instead take out a home equity credit line as needed. Next Avenue, Forbes, 15 Oct. 2021 Customers also need to take out short-term insurance and items must be returned to the shop in the condition they were loaned. Roxanne Robinson, Forbes, 24 May 2021 However, a whole-life or universal-life policy may cost 5 to 15 times more than a term insurance policy with the same death benefit. Brandon Marz, Forbes, 21 May 2021 Policy owners purchase term insurance for all types of great reasons, including to coincide with paying off major financial obligations, such as a mortgage, college tuition or expenses for raising children. Brandon Marz, Forbes, 21 May 2021 Officials plan to tighten the rules for private short-term insurance plans that are not required to cover a full set of benefits. New York Times, 27 Feb. 2021 Pope, though, says that short-term insurance markets offer plans with different levels of quality, and consumers can choose those higher-quality plans. David Hogberg, Washington Examiner, 18 Jan. 2021 See More
Christopher Elliott, Forbes, 15 Oct. 2021 People who hold life insurance, term insurance, disability insurance and many annuities receive dividends from Northwestern Mutual. Sarah Hauer, Milwaukee Journal Sentinel, 27 Oct. 2021 Many older homeowners prefer to leave their home equity alone as long-term insurance against unexpected expenses like health costs, and instead take out a home equity credit line as needed. Next Avenue, Forbes, 15 Oct. 2021 Customers also need to take out short-term insurance and items must be returned to the shop in the condition they were loaned. Roxanne Robinson, Forbes, 24 May 2021 However, a whole-life or universal-life policy may cost 5 to 15 times more than a term insurance policy with the same death benefit. Brandon Marz, Forbes, 21 May 2021 Policy owners purchase term insurance for all types of great reasons, including to coincide with paying off major financial obligations, such as a mortgage, college tuition or expenses for raising children. Brandon Marz, Forbes, 21 May 2021 Officials plan to tighten the rules for private short-term insurance plans that are not required to cover a full set of benefits. New York Times, 27 Feb. 2021 Pope, though, says that short-term insurance markets offer plans with different levels of quality, and consumers can choose those higher-quality plans. David Hogberg, Washington Examiner, 18 Jan. 2021 See More Word History
First Known Use
1897, in the meaning defined above
Legal Definition
term insurance
noun
: insurance in effect for a set term
specifically : term life insurance at life insurance