WP

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Related to Waiver of premium: Accelerated death benefit

WP

1. On drawings, abbr. for waterproof.
2. On drawings, abbr. for weatherproof.
References in periodicals archive ?
4) Backing up the plan with a life insurance contract containing the waiver of premium benefit would relieve the employer of having to make premium payments in case of the employee's disability.
Alternatives to disability income coverage include self-insuring against the possibility of a disability, purchasing a life insurance policy with a waiver of premium benefit or rider, purchasing critical illness insurance, and being able to qualify to receive Social Security disability income payments.
Waiver of premium is a benefit that can be attached to many life policies and to personal pension plans.
You have to be a little more careful with the policy you have and examine the terms of the critical illness and waiver of premium benefits.
Several other optional riders are available including Disability Waiver, Accidental Death Benefit, Acceleration of Death Benefits, Children's Term, Applicant's Waiver of Premium and a Guaranteed Issue Rider.
Something as simple as a waiver of premium can make a huge difference.
You could also consider adding some additional benefits such as waiver of premium to protect your payments in case of illness, and critical illness cover to make your plan more comprehensive.
Childsurance has the in-built Waiver of Premium benefit which allows the planned accumulation of funds to continue even in the absence of the provider.
Additional riders available Waiver of premium, Accidental Death
It offers a waiver of premium payments for one year in the case of unemployment and in the case of disability, will waive payments until the disability ends or the policyholder turns 65.
Or there may be credible claims data, but it doesn't show any open waiver of premium claims.