what is the meaning of terms

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Posted: Fri Mar 13, 2009 7:52 am Post subject: what is the meaning of terms

Does the word "Terms" refered to both benefits and premiums ?

neetharodrigo

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Posted: Fri Mar 13, 2009 8:54 am Post subject:

Not so sure about the query. I think this question belongs to the life insurance forum. Are you inquiring about term life policies? Please clarify. ~Jeremy

JeremyHolter

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Posted: Fri Mar 13, 2009 11:39 am Post subject:

Quote:

Does the word "Terms" refered to both benefits and premiums ?

Well I guess it kind of could...the 'term' of coverage is the time you are insured under the policy...such as jan1 thru july 1 would be six month term...you would not have any of the benefits of coverage without paying the premium...term in general is (as I said) the 'amount of time' the policy is enforce and active (meaning premiums have been paid)..if you have a specific question about this and can break it down more perhaps we can be of greater assistance.
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Lori

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Posted: Fri Mar 13, 2009 2:13 pm Post subject:

Hi, I think whenever we're talking about the terms of a policy - we're clearly directing it both ways! I guess it clearly signifies the stretch of time for which your policy conditions (those concerning your benefits as well as the payment procedures) would remain in force. Thanks, Barbwire _________________ Register Now to have your Insurance queries solved.