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• A plan of insurance that covers the insured for only a certain period of time (the term), not for his or her entire life. The policy pays death benefits only if the insured dies during the term.

  Alabama Department of Insurance - Cite This Source - This Definition
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  Cite Definition for Term insurance

  American Psychological Association (APA)

  Term insurance. (n.d.). Glossary of Life Insurance Terms. Retrieved June 10, 2023, from website: http://www.expertglossary.com/definition/term-insurance.

  Chicago Manual of Style (CMS)

  Term insurance. www.aldoi.gov. Glossary of Life Insurance Terms. Alabama Department of Insurance. http://www.expertglossary.com/definition/term-insurance (accessed: June 10, 2023).

  Modern Language Association (MLA)

  "Term insurance." Glossary of Life Insurance Terms. Alabama Department of Insurance. 10 June. 2023 http://www.expertglossary.com/definition/term-insurance.

• Browse Related Terms: Annuity, Convertible Term Insurance, Cost Index, Cost-Of-Living Rider, Guaranteed Insurability, Insured, policy, Policy Loan, Renewable Term Insurance, Straight Life Insurance, Term insurance, Term Rider, Universal life insurance, Whole Life Insurance (Straight Life or Permanent Life)

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All > Business > Finance > Insurance > Life Insurance

• Term insurance that is added to a whole life policy at the time of purchase or that may be added in the future.

  Alabama Department of Insurance - Cite This Source - This Definition
  ×

  Cite Definition for Term Rider

  American Psychological Association (APA)

  Term Rider. (n.d.). Glossary of Life Insurance Terms. Retrieved June 10, 2023, from website: http://www.expertglossary.com/definition/term-rider.

  Chicago Manual of Style (CMS)

  Term Rider. www.aldoi.gov. Glossary of Life Insurance Terms. Alabama Department of Insurance. http://www.expertglossary.com/definition/term-rider (accessed: June 10, 2023).

  Modern Language Association (MLA)

  "Term Rider." Glossary of Life Insurance Terms. Alabama Department of Insurance. 10 June. 2023 http://www.expertglossary.com/definition/term-rider.

• Browse Related Terms: Annuity, Convertible Term Insurance, Cost Index, Cost-Of-Living Rider, Guaranteed Insurability, Insured, policy, Policy Loan, Renewable Term Insurance, Straight Life Insurance, Term insurance, Term Rider, Universal life insurance, Whole Life Insurance (Straight Life or Permanent Life)