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?

Thank you! Oops!

Related Content

Accidents

Accidents

Accidents happen to everyone. We're here to help.

General Liability for Online & Etsy Sellers

General Liability for Online & Etsy Sellers

Learn why General Liability insurance helps protect your online business from common liability risks. Share this info.

The Best of Both Worlds

The Best of Both Worlds

Here are a few reasons we’ve chosen to be independent.