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?

Did You Know This Fact About Damaged Property?

Damaged property during the claims process shouldn't be thrown away.

The Best of Both Worlds

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