WP

(redirected from Waiver of premium)
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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 ?
Guaranteed 39% insurability rider Spouse insurance 29% rider Accidental death 35% rider Waiver of premium 70% rider Family income 10% benefits rider Accelerated death 50% benefits rider Child term rider 37% Long-term care rider 30% Return of premium 24% rider Note: Table made from bar graph.
(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.
Would you explain to me what waiver of premium means when I take out a life policy?
Other features include the Waiver of Premium facility ('OwnOccupation' definition is preferred),non-smoker rates and the guaranteed insurability options for such events as marriage, childbirth,moving house etc.
It's a good idea to include a scanned copy of the plan and all riders such as double indemnity and disability waiver of premium and identify any waivers such as flying exclusions.
This includes critical illness cover and waiver of premium benefit.
It also means that you can include a "waiver of premium" which means that if you couldn't work through illness or injury for a protracted period your pension would be safe.
W is for WAIVER OF PREMIUM. If you are off work for a period of time, your endowment premiums will be paid until you are well enough to return to work.
Such rights would include all of the right, title, interest, ownership, control, and incidents of ownership in any and all insurance policies, and would include any conversion privilege, waiver of premium benefit, borrowing rights and assignment rights.
It has both waiver of premium and lump sum benefits (through riders) for disability and disease (critical illness), making it stand out."