term life insurance

noun

1. 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.

Example Sentences

Premiums for term life insurance are generally inexpensive.

From Salon

Term life insurance is extremely inexpensive, and it can be purchased to protect each debt you have.

From Encyclopedia.com

Another situation where a life insurance plan may be taxable is when you receive benefits related to an employer-sponsored group term life insurance plan.

From Encyclopedia.com

The term life insurance policy will pay a death benefit if the owner dies within a specified term.

From Encyclopedia.com

But, term life insurance does not offer much else.

From Encyclopedia.com