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Term |
Definition |
Waiting Period |
The period of time between the beginning of a disability and the date benefits begin. |
Whole Life |
A life insurance policy that runs for the entire life of the individual, that is, until death. Premiums for a whole life policy may be paid for the whole life or for a limited period, during which a higher premium pays up the policy. |
Worker's Compensation |
insurance that employers are required to have to cover employees who get sick or injured on the job. A state-mandated program providing insurance coverage for work-related injuries and disabilities. |
Write |
In insurance terms, to insure. It also means to underwrite or to sell insurance. |
