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?

Is Term Life Insurance for You?

Term insurance is the simplest form of life insurance. Here's how it works.

What is a Carrier?

Do you know what a Carrier is?

What is Loss of Use?

Do you know what Loss of Use is?