Policy Duration

(redirected from How Long a Policy Will Be in Force)

Policy Duration

The length of time during which an insurance policy remains in force. Health insurance, for example, may have a policy duration of several months or several years. Many other policies last only one year before renewal. Whole life insurance remains in effect for the remainder of one's life.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Full browser ?