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.

Have A Question About This Topic?

The Value of Insuring Against Life’s Risks

Building wealth requires protection from the forces of wealth destruction.

The Basics of Medicare

Learn all about Medicare basics in this informative and insightful article.