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Definitions for "Term policy"
Keywords:  twenty, policy, policyholder, year, assurance
Related Terms: Annual policy, Policy term, Term life insurance, Term insurance, Term life, Art, Annual renewable term, Annually renewable term, Endowment insurance, Family income policy, Suicide clause, Policy period, Incontestability, Level term insurance, Earned premium, Free look, Renewable, Ordinary life insurance, Period of insurance, Free look provision, Policy anniversary, Free look period, Incontestable clause, Annual premium, Pure endowment, Whole of life insurance, Return of premium, Extended term insurance, Renewable term life insurance, Whole life, Free-look period, Single premium policy, Contestability period, Level term, Renewable term, Lapse, Permanent insurance, Whole life policy, Noncancellable, Non-cancellable, Whole life insurance, Convertible term assurance, Pro rata cancellation, Level premium, Endow, Permanent life insurance, Short rate cancellation, Surrender, Unearned premium, Lapse ratio
A policy of term insurance.
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a policy that has a guaranteed death benefit for a specified period of time, such as ten years or twenty years
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Life cover provided for a specified number of years. The insurer only pays out if the policyholder dies within this time.
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