term insurance Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “term insurance” in the English Dictionary

"term insurance" in Business English

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term insurancenoun [S or U]

uk   us   (UK also term assurance)
INSURANCE a ​form of ​lifeinsurance that lasts for a ​fixedperiod of ​time: She has taken out ​terminsurance for $89,000 on the ​mortgage on her new ​apartment. You will need to ​buy a ​termassurance to ​pay off the ​loan in the ​event of your death. a terminsurancepolicy/​plan
(Definition of term insurance from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “term insurance”
in Chinese (Simplified) 定期保险…
in Chinese (Traditional) 定期保險…
What is the pronunciation of term insurance?
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