Death Waiver of Premiums (DWP)

This benefit waives future premiums in the event of the owner's death.

Issue Ages - (Age nearest)
 

  • Age 18 to 55 
     

Sum Insured
 

  • Total premium of contract
     

Benefit Cost
 

  • Level and guaranteed
  • Ceases to be payable when the policyholder turns 60
     

Termination of Coverage
 

  • When the policyholder or the insured person turns 60
     

Characteristics

Only the policyholder can be covered. Furthermore, for the benefit to be issued and payable and continue to be paid, the contract must stay in force if the policyholder dies (therefore, another insured is required).

Last Update: October 26, 2005
 
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