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term life insurance

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  • Term life insurance — or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires coverage at the previous rate of premiums is no longer guaranteed and the client… …   Wikipedia

  • term life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. term life insurance …   Law dictionary

  • Term Life Insurance — A policy with a set duration limit on the coverage period. Once the policy is expired, it is up to the policy owner to decide whether to renew the term life insurance policy or to let the coverage end. This type of insurance policy contrasts with …   Investment dictionary

  • term life insurance — life insurance for which premiums are paid over a limited time and that covers a specific term, the face value payable only if death occurs within that term. Cf. ordinary life insurance, term insurance. * * * …   Universalium

  • term life insurance — life insurance for which premiums are paid over a limited time and that covers a specific term, the face value payable only if death occurs within that term. Cf. ordinary life insurance, term insurance …   Useful english dictionary

  • Term life insurance — A contract that provides a death benefit but no cash build up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term. The New York Times Financial… …   Financial and business terms

  • term life insurance — A contract that provides a death benefit but no cash build up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term. Bloomberg Financial Dictionary …   Financial and business terms

  • Group Term Life Insurance — A type of insurance coverage offered to a group of people. This coverage will provide a benefit to the beneficiaries if the covered individual dies during the defined covered period. As with other types of group benefits, group term life… …   Investment dictionary

  • renewable term life insurance — A policy for a stated period that may be renewed if desired at the end of the term. Bloomberg Financial Dictionary …   Financial and business terms

  • life insurance — n: insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance ordinary life insurance: whole life insurance in this entry straight life insurance …   Law dictionary

  • Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …   Wikipedia

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