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

Extended Care: A Patchwork of Possibilities

What is your plan for health care during retirement?

Questions to Ask About Medicare

Take the guesswork out of your IEP or SEP with this helpful article.

Protecting Those Who Matter Most

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