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?

When is Full Coverage Auto Insurance a Must-Have?

Do you need full coverage? Here's a bird's-eye view of this important question.

Did You Know This Fact About Flood Damage?

Prevent major flood damage with this tip.

Personal Finance Tips for Military Families

Military families face unique challenges, making personal finance even more critical.