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?

Related Content

Countdown to College

Preparing for college means setting goals, staying focused, and tackling a few key milestones along the way.

Did You Know This Fact About Older Vehicles?

Did you know you have coverage options on older vehicles?

Did You Know This Fact About Foggy Conditions?

Foggy conditions make driving more hazardous, but high beams aren't the answer.