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

The Other Sure Thing

Though we don’t like to think about it, all of us will make an exit sometime. Are you prepared?

Did You Know This Fact About Basement Flooding?

A simple precaution can help prevent basement flooding.

Protecting Those Who Matter Most

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