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

Snapshots

Your life is marked by images. Prepare for the unexpected, so you can keep those pictures going.

Test Your Life Insurance Knowledge

How much do you know about one of the most important tools you have to help protect your and your family’s financial future?

Long-Term-Care Protection Strategies

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