Clauses Added To A Life Insurance Policy


Definition of "Clauses added to a life insurance policy"

Aidree Tolan real estate agent
Aidree Tolan, Real Estate Agent Mosaic Community Lifestyle Realty

Provisions, usually requiring an additional premium, that are appended to an insurance contract. These include waiver of premium (WP), disability income (DI), accidental death clause, policy purchase option (PPO). The young family with children may wish to consider these clauses since the breadwinner is seven to nine times more likely to become disabled than to die at a young age.

 

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