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Meaning of TERM INSURANCE

Pronunciation:  turm in'shûruns

WordNet Dictionary
 
 Definition: [n]  low-cost life insurance; valid only for a stated period of time
 
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 See Also: life assurance, life insurance

 

 

Webster's 1913 Dictionary
 
 Definition: 
\Term insurance\
Insurance for a specified term providing for no payment to
the insured except upon losses during the term, and becoming
void upon its expiration.
 

 

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