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

Keeping Summer Safe: Pool and Spa Safety Tips

Each year hundreds of children die or are injured in pool accidents. By taking seven steps, you can keep your pool safe.

Three Business Auto Coverage Gaps

Running a business with vehicles? These three coverage gaps could leave you exposed. Here's what you need to protect it.

Accidents

Accidents happen to everyone. We're here to help.