What term is used for the amount of time for which a term life insurance policy is valid?

The term that defines the duration for which a term life insurance policy is valid is known as the "policy term." This period specifies how long the insurance coverage will remain in effect, usually expressed in years, such as 10, 20, or 30 years. During this policy term, the insured is covered for the death benefit specified in the contract, as long as premiums are paid.

The "coverage duration" generally refers to the same concept but is not the term traditionally used in insurance contracts. "Policy period" could also imply a similar meaning but often refers to specific time frames regarding when the policy is effective and can encompass both term and permanent life insurance policies. "Insured term" is not a standard term used in the insurance industry and might create confusion as it does not accurately convey the timeframe the policy is valid.

Therefore, "policy term" is the most universally accepted and understood term to describe the period during which a term life insurance policy provides coverage.