Glossary of Insurance Terms
Waiver of Premium Rider (WP): An optional policy rider that provides for the continuation of life insurance coverage without further premium payments if the insured becomes totally disabled.
War Clause: A provision in a life insurance policy excluding the liability of an insurance company if the insured's death is the direct result of a war.
Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit. Whole life insurance policies also accumulate cash values.
Request a call back!!
- We will help you save money
- Neutral and unbiased
- Vast choice of insurers
- Make insurance less confusing
