term insurance
1
4.2
- noun
- /tɜrm ɪnˈʃʊərəns/
- Specialized
:
seguro a término
- "Although the role of private long-term insurance will inevitably grow over time, it is doubtful that it will ever play a major role in the financing of long-term care.
- buy term insurance
- premiums for term insurance
- Term insurance pays
Examples
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If you want affordable coverage for a specific period, consider purchasing term insurance instead of permanent policies.
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The term insurance will cost $200 per month for similar coverage.
Blog text (18) -
The simplest form of life insurance is called term insurance, OK.
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What you want is term insurance, but you're not sure about the cost.
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For those of us in the real economy, the financial markets long ago ceased to have any utility for capital investment or long-term insurance.
Blog text (4) -
Many young families opt for term insurance because it provides valuable protection at lower costs during their financial responsibilities.
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Before choosing a policy, compare the rates of term insurance offered by different companies to find the best deal.
Synonyms
91
3.0
A plan that pays money to your family or other people you choose when you die
Antonyms
- Specialized
1
3.9
A plan that pays a fixed amount when you die and has payments that stay the same for life
How Permanent
- Specialized
1
3.9
- Specialized
- Specialized
1
4.2
Surface Forms
Morphology
The meaning 'insurance that provides coverage for a fixed period' is directly built from 'term' (a fixed period) + 'insurance' (a protection/payment arrangement). This noun-noun composition is a common, transparent pattern (and appears in many languages), so a B1 learner who knows both words should be able to infer the MWE meaning.
Etymology
Term insurance comes from the words term (a fixed period) and insurance (financial protection); imagine paying for cover that lasts only ten years, like renting protection for a set time. That's why it means 'insurance that covers you for a limited time' and usually gives 'no savings' at the end.