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

Did You Know This Fact About Dryer Lint?

Did You Know This Fact About Dryer Lint?

Dryer lint is extremely flammable, and should be cleaned regularly

Mastering Mobile Lingo

Mastering Mobile Lingo

Do you understand these common mobile slang terms?

When is Full Coverage Auto Insurance a Must-Have?

When is Full Coverage Auto Insurance a Must-Have?

Do you need full coverage? Here's a bird's-eye view of this important question.