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

Surprises

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

Mastering Mobile Lingo

Do you understand these common mobile slang terms?

A House Divided

By understanding a few key concepts during a divorce, you may be able to avoid common pitfalls.