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.

Have A Question About This Topic?

Thank you! Oops!

Related Content

The Contract Clause That Wants More Coverage

The Contract Clause That Wants More Coverage

Growing into bigger contracts often means your liability limits need to grow, too. Here's how that works.

Deepfakes & Cyber Liability

Deepfakes & Cyber Liability

Cyber security is more than just email links. Find out if modern scams like deepfakes are covered by Cyber Liability coverage

Strategies for Managing Student Loan Debt

Strategies for Managing Student Loan Debt

Five strategies for managing your student debt.