Definition of "Clauses added to a life insurance policy"
Ruben Jaen, Real Estate Agent
Devos 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.
Have a question or comment?
We're here to help.