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Term Insurance

Term insurance is a type of life insurance that provides coverage for a specific period of time, or term, typically 10, 20, or 30 years. Term insurance policies do not have a savings component, and the premiums are generally lower than those for whole life or universal life insurance. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to term insurance.

The Engine of Economic Output: A Comprehensive Guide to Understanding Aggregate Supply Thumbnail

The Engine of Economic Output: A Comprehensive Guide to Understanding Aggregate Supply

Silas Bamigbola

Level Death Benefits: Definition, Working Mechanism, and Considerations Thumbnail

Level Death Benefits: Definition, Working Mechanism, and Considerations

Alessandra Nicole

Re-Entry Term Insurance: Definition, Benefits, and Examples Thumbnail

Re-Entry Term Insurance: Definition, Benefits, and Examples

SuperMoney Team

Group Carve-Out Plans: Definition, Benefits, and Limitations Thumbnail

Group Carve-Out Plans: Definition, Benefits, and Limitations

Alessandra Nicole

What Is Voluntary Life Insurance? Thumbnail

What Is Voluntary Life Insurance?

Dan Agbo

Family Income Riders: Providing Financial Security and Peace of Mind Thumbnail

Family Income Riders: Providing Financial Security and Peace of Mind

Silas Bamigbola

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About Term Insurance

Term insurance is a type of life insurance that provides coverage for a specific period of time, or term, typically 10, 20, or 30 years. Term insurance policies do not have a savings component, and the premiums are generally lower than those for whole life or universal life insurance.