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

Your DNA Test

If your family relies on your income, it’s critical to know what their needs would be in the event of your death.

What is a Policy?

Do you know what a Policy is?

Protecting Those Who Matter Most

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