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Term life insurance

The financial definition for Term life insurance:

A contract that provides a death benefit but no cash build up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term.




Similar Matches

Annual renewable term insurance

Annual renewable term insurance
See: Term insurance.


Bank Insurance Fund (BIF)

Bank Insurance Fund (BIF)
A unit of the Federal Deposit Insurance Corporation (FDIC) that provides Federal Deposit Insurance Corporation (FDIC) for banks excluding Federal Deposit Insurance Corporation (FDIC).


Casualty insurance

Casualty insurance
Insurance protecting a firm or homeowner against loss of property, damage, and other liabilities.


Further Suggestions

Credit insurance
Deposit insurance
Disability income insurance
Federal Deposit Insurance Corporation (FDIC)
Financial guarantee insurance
Foreign Credit Insurance Association (FCIA)
Group insurance


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Term life insurance
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