If the insured
dies during the specified period of time, his / her beneficiary will receive the value of the policy.
A policy that pays a benefit only if the insured
dies during a specified period of time.
Not exact matches
A term life insurance policy offers coverage for a
specified period of time, meaning that if you
die during the term
of the policy the beneficiary will receive the
specified payout (also known as the death benefit or face value
of the policy).
A term life insurance policy offers coverage for a
specified period of time, meaning that if you
die during the term
of the policy the beneficiary will receive the
specified payout (also known as the death benefit or face value
of the policy).
A term life insurance policy offers coverage for a
specified period of time, meaning that if you
die during the term
of the policy the beneficiary will receive the
specified payout (also known as the death benefit or face value
of the policy).
Term life insurance provides protection for a
specified amount
of time (or term) and pays benefits only if the individual
dies during that
period.
Term insurance is a life insurance policy that provides coverage for a certain
period of time where if the insured
dies during the
time period specified in the policy and the policy is active — or in force — then a death benefit will be paid.