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

Real Talk About Insuring Your Kid’s First Car

Real Talk About Insuring Your Kid’s First Car

Learn real-life realities and strategies for insuring your kid’s first car without breaking the bank.

What is a Claim?

What is a Claim?

Do you know what a Claim is?

The Real Cost of a Vacation Home

The Real Cost of a Vacation Home

What if instead of buying that vacation home, you invested the money?