Jargon buster
Index
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WRAP
A web based platform that allows an investor to put all of their investments and financial products (for example: pension, ISA, offshore bond) in one place.
Waiver of premium
The policy terms and conditions may allow a policyholder to stop paying premiums for a period of time, but the policy and its benefits remain.
Whole of life
A policy/bond that does not have a specified end date or term. It stops and pays out upon the death of the nominated life or lives assured. Alternatively, this type of policy/bond can be surrendered to finish it.