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?

Snapshots

Your life is marked by images. Prepare for the unexpected, so you can keep those pictures going.

Did You Know This Fact About Claims Advances?

If a fire forces you out of your home, you can ask for a claim advance.

Long-Term-Care Protection Strategies

The chances of needing long-term care, its cost, and strategies for covering that cost.