term life insurance

Life insurance that covers the insured for only a specified period.

• It pays a fixed benefit to a named beneficiary upon the insured’s death but is not redeemable for a cash value during the insured’s life. Cf. whole life insurance.

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词条贡献者

译者Carl，知名法学院保险学专业，擅长翻译各种与保险理赔追索相关的法律文件。