Term Life Insurance | Quotes | Companies | Types of Life Insurance

Life Insurance Glossary

a | b | c | d | e | f | g | h | i | j | k | l | m | n | o | p | q | r | s | t | u | v | w | x | y | z

Glossary of Definitions - W

Waiver of Premium (WP)
An optional policy provision that continues the coverage without further premium payments if the insured becomes totally disabled.

War Clause
A provision in a life insurance policy excluding liability of an insurer if a loss is caused by war.

Whole Life Insurance
Permanent insurance which provides, at minimum, a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit. In addition, these policies accumulate cash values on a tax-deferred basis. A plan of insurance for the whole of life. It includes straight life on which premiums are payable until death.

Will
The legal statement of a person's wishes concerning the disposal of his or her property after death.

(some definitions taken from the National Association of Insurance Commissioners' Life Insurance Buyers Guide)

Your State:
Birthdate:
Sex:	Male Female
Do You Smoke or use Tobacco?:	Yes No
Describe your Health:	Regular Regular Plus Preferred Preferred Plus
Height:	feet inches
Weight:	pounds
Amount of Insurance:
Initial Level Insurance Period:
Quote Premiums:
First Name:
Last Name:
Day Time Phone:	Ext.
Evening Phone:
Email: