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Term insurance
Term insuranceTerm insurancerepresentsa form of life insurance that covers the insured person for a specific period of time, the “term” that is mentioned in the policy. It pays an amount of money to a designated beneficiary only when the insured person dies within that specific period which can be one, five, 10 or even 20 years. We thank you for using the Insurance Dictionary to search for Term insurance. If you have a better definition for Term insurance than the one presented here, please let us know by making use of the suggest a term option. This definition of Term insurance may be disputed by other professionals. Our attempt is to provide easy definitions on Term insurance and any other insurance topic for the public at large. This dictionary contains 199 terms. |
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