- 1. n. low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value Source: wordnet
- 2. Insurance for a specified term providing for no payment to the insured except upon losses during the term, and becoming void upon its expiration. Source: webster
- 3. Insurance for a specified term providing for no payment to theinsured except upon losses during the term, and becoming void uponits expiration. Source: adambom
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term insurance
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terminsuranceuponbecomingexceptexpirationlossespaymentprovidingspecifiedvaluevoidcashinsuredloanlow-costperiodstatedsurrendertimevalid
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