Term assurance - A life insurance policy in which cover is provided for a specified period of time (the term). The sum assured is paid if the death of the insured occurs during the term. If the insured survives the term, the contract ceases and no benefit is payable when the individual subsequently dies.
Term assurance : a life insurance policy in which cover is provided for a specified period of time (the term). the sum assured is paid if the death of the insured occurs during the term. if the insured survives the term, the contract ceases and no benefit is payable when the individual subsequently dies.
Term assurance