term insurance

noun

Definition of term insurance

: insurance for a specified period that provides for no payment to the insured except on losses during the period and that becomes void upon its expiration

Examples of term insurance in a Sentence

Recent Examples on the Web

Last year, for example, the administration reversed an Obama-era policy that severely restricted the ability of people to purchase short-term insurance coverage. — Brian Blase, National Review, "New Insurance Numbers Show the Importance of the Trump Administration’s Health-Care Reforms," 11 Sep. 2019 Learn about the various sources of money to fund appropriate care options, including, Medicare, Medicaid, long-term insurance, reverse mortgages, plus the types of in-home and out of home senior living options available and their cost. — Houston Chronicle, "Treemont spotlights ‘The Road Map to Senior Care’ presentation series," 16 Aug. 2019 At least one short-term insurance issuer spent less than 10 cents of every premium dollar collected on healthcare, according to the NAIC figures, which were assiduously crunched by Shelby Livingston of Modern Healthcare. — Michael Hiltzik, Los Angeles Times, "Column: Why the short-term health plans Trump favors are cheap: They shortchange you on care," 12 Aug. 2019 But long-term insurance buyers turned out to be a more determined and farsighted group. — Los Angeles Times, "Column: Insurance firms’ blunders on long-term care insurance create disaster for millions," 25 July 2019 Democrats hope to be cast as the party that safeguards protections for people with pre-existing medical conditions because short-term insurance isn’t required to cover people who suffer from such conditions. — Stephanie Armour, WSJ, "Democrats Counter Trump Push for Cheaper, Limited Health Plans," 9 Oct. 2018 Short-term insurance, which can deny people with preexisting conditions coverage and is not required to cover many routine services, is contrary to both of those objectives. — Dylan Scott, Vox, "The new lawsuit to save Obamacare, explained," 14 Sep. 2018 At the end of the Obama administration, regulators cut the allowable length of short-term insurance from 12 months to three. — Dylan Scott, Vox, "In the Trump administration, “short term” health insurance can last for 3 years," 2 Aug. 2018 But that would gut GE Capital’s revenues, a major risk if the lending division discloses more losses from its long-term insurance portfolio. — Matt Wirz, WSJ, "What GE Needs to Do to Avoid Junk Territory," 9 Jan. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'term insurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.