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

Best Vacations: By Car, By Ship, By Foot, Once in a Lifetime

Best Vacations: By Car, By Ship, By Foot, Once in a Lifetime

Four vacation destinations you might never have thought of.

What is a Broker?

What is a Broker?

Do you know what a Broker is?

What Kind of Business Insurance Do I Need?

What Kind of Business Insurance Do I Need?

From general liability to property insurance, here are some policies a business owner may want to consider.