Meaning of the word "term insurance" in English
What does "term insurance" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
term insurance
US /ˈtɜːrm ɪnˌʃʊr.əns/
UK /ˈtɜːrm ɪnˌʃʊr.əns/
Noun
1.
a type of life insurance that provides coverage for a specific period of time, or a 'term,' with no cash value accumulation
Example:
•
Many young families choose term insurance for its affordability.
•
Unlike whole life, term insurance does not build cash value.
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