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

Who Does Survivorship Life Insurance Benefit?

Who Does Survivorship Life Insurance Benefit?

For married couples, weighing life insurance pros and cons later in life is key to choosing what fits your needs.

Data Thieves from Outer Space

Data Thieves from Outer Space

Learn about the dangers of internet fraud with this highly educational and fun “pulp” comic.

What is a Policy?

What is a Policy?

Do you know what a Policy is?