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term life insurance
noun
- 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.
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Example Sentences
Examples have not been reviewed.
Premiums for term life insurance are generally inexpensive.
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Term life insurance is extremely inexpensive, and it can be purchased to protect each debt you have.
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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.
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The term life insurance policy will pay a death benefit if the owner dies within a specified term.
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But, term life insurance does not offer much else.
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