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?

Questions to Ask About Medicare

Take the guesswork out of your IEP or SEP with this helpful article.

What Is My Life Expectancy?

Estimate how many years you may need retirement assets or how long to provide income to a surviving spouse or children.

Personal Finance Tips for Military Families

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