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 Contents

Accidents

Accidents happen to everyone. We’re here to help.

Did You Know This Fact About Flood Damage?

Prevent major flood damage with this tip.

Long-Term-Care Protection Strategies

The chances of needing long-term care, its cost, and strategies for covering that cost.