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.

Have A Question About This Topic?

Thank you! Oops!

Related Content

5 Things You Need to Know to Buy Life Insurance

5 Things You Need to Know to Buy Life Insurance

Shopping for life insurance can be confusing. Choose the plan that is best for you and your family with these top five considerations.

Side-by-Side: Insured vs. Uninsured

Side-by-Side: Insured vs. Uninsured

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

Forecast

Forecast

The market is as unpredictable as the weather. We'd love to help you prepare.