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

Reviewing Your Life Insurance Needs

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

5 Factors That May Impact Your Car Insurance Rate

While there are many factors that could affect your car insurance rates, these five you’ll want to keep at the top of your mind.

Insurance Needs Assessment: When You're Newly Married

Marriage changes everything, including your insurance needs.