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?

Related Content

Putting a Price Tag On Your Health

Being healthy not only makes you feel good, it may also help you financially.

Buying Auto Insurance For Teen Drivers

Tips on insuring your teen driver.

Avoiding Cognitive Decline

Try these activities to keep your brain sharp.