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

A House Divided

By understanding a few key concepts during a divorce, you may be able to avoid common pitfalls.

Questions to Ask About Medicare

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

Estate Management Checklist

Is your estate in order? This short quiz may help you assess your overall strategy.