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

The Value of Insuring Against Life’s Risks

Building wealth requires protection from the forces of wealth destruction.

Choosing a Business Structure

Entrepreneurs all face the same question, “Which business structure should I adopt?”

4 Benefits of Life Insurance for the Here and Now

Find out four ways your Life policy can help you in the here and now.