Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Waiver of Premium (WP) for Disability Benefit

A rider in an insurance policy that waives the policyholder’s obligation to pay further premiums should they become seriously ill or disabled. This waiver of premiums allows the insured to benefit from the insurance policy even when they cannot work.

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Waiver of Coverage

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Waiver of Premium for Payer Benefit

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