term assurance

noun

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.

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Meanings

nounterm assurance (uncountable)

alternative TA

  1. uncountablebusinessLife 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.
Cite this entry
APA

term assurance. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/term%20assurance

MLA

“term assurance.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/term%20assurance. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “term assurance,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/term%20assurance.

Source: term assurance on Wiktionary, CC BY-SA 4.0.