Insurance

What is a Term?

Term

[turm]

noun

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?

Your DNA Test

If your family relies on your income, it’s critical to know what their needs would be in the event of your death.

Retiree Health Care Coverage Overseas

Retirees traveling abroad need to know that their health insurance travels with them.

Long-Term-Care Protection Strategies

The chances of needing long-term care, its cost, and strategies for covering that cost.