What does life term mean?
noun. 1 poetic The duration of a person’s (or animal’s, etc.) life, a lifetime (now rare).
What is term life insurance mean?
Key Takeaways. Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified “term” of years. If the insured dies during the time period specified in a term policy and the policy is active, a death benefit will be paid.
What is the origin of the term life?
The word “life” is from the Old English word līf, of Germanic origin. The corresponding word in German is Leib, and the word in Dutch is lijf. The three main Scandinavian languages (Swedish, Danish, and Norwegian) all use the word liv.
What does the term life or death mean?
having death as a possible result
Definition of ‘life-or-death’ 1. having death as a possible result. a life-or-death struggle. 2. so extremely important as to be crucial.
Is a life sentence 25 years?
How Long Is a Life Sentence? In some jurisdictions, a “life” sentence is a misnomer in that it can come with the possibility of parole. Depending on the state’s law, a defendant may be eligible for parole after a set number of years, like 20, 25, or 40.
Is term or whole life better?
Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—if you can keep up with the premium payments. Whole life premiums can cost five to 15 times more than term policies with the same death benefit, so they may not be an option for budget-conscious consumers.
Do you get money back if you outlive term life insurance?
If you outlive the policy, you get back exactly what you paid in, with no interest. The money isn’t taxable, as it’s simply a refund of the payments you made. In contrast, with a regular term life insurance policy, if you’re still living when the policy expires, you get nothing back.
What is your concept about life?
Life is: being conscious of yourself and others; a being with a soul; experience; what you make it; your chance to be a success; family; living as long as you can; not being dead; greater than the sum of its parts; complex chemical organisation; different things to different people; a mystery; a journey; don’t know; a …
What is the other word for life?
What is another word for life?
What’s between life and death?
Between Life and Death Meaning If someone is between life and death, he is currently alive but very sick or near to dying. For example, someone with an illness like cancer might say that he is between life and death, or someone who is injured in a snowboarding crash may say that he is between life and death.
What is the meaning of life for you?
Purpose: the existence of goals and aims. This is the belief that you are alive in order to do something. Think of purpose as your personal mission statement, such as “the purpose of my life is to share the secrets to happiness” or “I am here to spread love abundantly.” Significance: life’s inherent value.