Insurance

What is a Term?

Term

[turm]

noun

1.

The Term is the length of time a specific insurance Policy is effective. This feature is most commonly found in life insurance, where the Policy is only good for a specific length of time, or “term” of a person’s life.

Share |

Have A Question About This Topic?

Related Content

If a Tree Falls

This handy video helps you stay prepared in case a fallen tree has damaged your house.

Insurance Needs Assessment: When You're Newly Married

Marriage changes everything, including your insurance needs.

Protecting Those Who Matter Most

The importance of life insurance, how it works, and how much coverage you need.