term life insurance
Definition
A life insurance policy which provides a stated benefit upon the holder's death, provided that the death occurs within a certain specified time period. However, the policy does not provide any returns beyond the stated benefit, unlike an insurance policy which allows investors to share in returns from the insurance company's investment portfolio.
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Related Terms
permanent life insurance
'term life insurance
' appears in the definitions of these terms on BusinessDictionary.comaviation-trip life insurance, credit life insurance, decreasing term insurance, mortgage life insurance, term insurance, and 
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