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

Protecting Yourself & Your Home From Hurricanes

Hurricane season is here, and it's important to be prepared. Ensure that you and your family are ready if disaster strikes and keep your loved ones safe.

Reviewing Your Life Insurance Needs

Learn how the review process works and how it may help you better understand your Life Insurance.

Consider Keeping Your Life Insurance When You Retire

Reasons to retain your coverage into your retirement years.