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.

Share |

Have A Question About This Topic?

Related Content

Surprises

Making the most of surprises is a great reason to work with us.

COBRA Coverage

Curious about alternate insurance options? This article will help you learn the basics of COBRA coverage.

Long-Term-Care Protection Strategies

The chances of needing long-term care, its cost, and strategies for covering that cost.