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

If a Tree Falls

This handy video helps you stay prepared in case a fallen tree has damaged your house.

The Economic Journey of Your Morning Coffee

Few contemplate the complex journey that brought their coffee from farm to kitchen table.

What Determines Car Insurance Rates?

Learn about the factors used to create car insurance quotes in this educational article.