term assurance

English

Alternative forms

Noun

term assurance (uncountable)

  1. (insurance) Life insurance that pays out a lump sum benefit on the death of the life assured within the term of the policy, and nothing on survival to the end of the term.

Hyponyms

This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.