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?

Thank you! Oops!

Related Content

Life Stages That Impact Your Life Insurance Needs

Life Stages That Impact Your Life Insurance Needs

Life is constantly changing, and so are your life insurance needs. Check out the 5 stages and how they change your take on Life.

Test Your Life Insurance Knowledge

Test Your Life Insurance Knowledge

How much do you know about one of the most important tools you have to help protect your and your family’s financial future?

Rightsizing for Retirement

Rightsizing for Retirement

What does your home really cost?

//