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.

Share |

Have A Question About This Topic?

Thank you! Oops!
 

Related Content

Did You Know This Fact About Winterizing Your Car?

Did You Know This Fact About Winterizing Your Car?

Do you winterize your car? You should consider it.

Measuring Up To Your Potential

Measuring Up To Your Potential

Ever wonder what separates the folks who are financially comfortable from the rest of us?

Thanks Mom

Thanks Mom

It turns out Mom really did know best when she laid down essential truths to live by.