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

Forecast

Life is as unpredictable as the weather. We’d love to help you prepare.

Insuring Your Second Home

There are unique risks of owning a second home and obtaining the proper coverage may protect you from financial risk.

Long-Term-Care Protection Strategies

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