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

What is an Agent?

What is an Agent?

Do you know what an Agent is?

Combine Your Policies and Save

Combine Your Policies and Save

Some things just make perfect sense in pairs.

4 Benefits of Life Insurance for the Here and Now

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.