Waiver of premium is a type of insurance that is included in many regular premium policies.
What does WP stand for?
WP stands for Waiver of Premium (insurance)
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of WP
We have 39 other meanings of WP in our Acronym Attic
- Western Onondaga Youth Soccer Association (Camillus, NY)
- Welsh Onion Yellow Stripe Virus (China)
- Die WochenZeitung (Swiss newspaper)
- Warriors of Zion
- Weekend Of ZZT
- Wet Waardering Onroerende Zaken (Dutch tax law)
- Wheels of Zeus
- Wizard of Oz
- Women of Zimbabwe Arise
- Warszawski Okregowy Zwiazek Narciarski (Polish: Warsaw Regional Ski Association)
Samples in periodicals archive:
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.
It is self-completing if you become permanently disabled: A waiver of premiums guarantees that it completes the program even if you cannot.
Features like portability have been added, as have variations on living benefit payouts, waiver of premium that is similar to individual plans, and coverage that extends into retirement years.
Mr I M from Hexham writes: 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.