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

If You're In An Accident

Do you know what to do if you're in a car accident?

Side-by-Side: Insured vs. Uninsured

Here's what happens if your small business has an accident and you're not insured.

Long-Term-Care Protection Strategies

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