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.

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What is a Premium?

Do you know what a Premium is?

What is a Loss?

Do you know what a Loss is?

Did You Know This Fact About Claims Advances?

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