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.




term life insurance is ...
... part of the
Insurance subject.


Related Terms

permanent life insurance -  More
cash value insurance -  More


term life insurance appears in the definitions of these other terms on BusinessDictionary.com

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