Monthly Archives: July 2005

Term (Period of Time) Insurance

Every policy has a TERM (PERIOD) OF INSURANCE. The period begins on the issue date and ends on the expiry date. The term of insurance could be one day, one year, multiple years, to a set age of the insured, or even for the life of the insured.TERM OF INSURANCE PATTERNSProperty /Casualty, Auto, Marine and Inland Marine policies are typically issued for a term of 6 or 12 months…

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