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?

Side-by-Side: Insured vs. Uninsured

Here's what happens if your small business has an accident and you're not insured.

Disability Income

This calculator estimates your chances of becoming disabled and your potential need for disability insurance.

The Value of Insuring Against Life’s Risks

Building wealth requires protection from the forces of wealth destruction.