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.

Share |

Have A Question About This Topic?

Related Content

Qualifying For Medicare Under Age 65

You might qualify for Medicare if you’re under 65-years-old. This article will explain the conditions where you may qualify for Medicare early.

COBRA Coverage

Curious about alternate insurance options? This article will help you learn the basics of COBRA coverage.

4 Benefits of Life Insurance for the Here and Now

Believe it or not, your Life Insurance policy can be helpful for you, not just your loved ones. Find out four ways your Life policy can help you in the here and now.