Voluntary Deductible Plans (EP)
Plans comprised of deductions from participating employee's paychecks, which provide a source of income if the employee becomes disabled. The employer endorses and sponsors plan enrollment and can also participate in the plan.

Veracity /ve’raeseti/, n.,
1. truthfullness in speaking. 2. habitual observance of the truth. 3. correctness or accuracy

Vesting
The point at which an employer is guaranteed benefits, regardless whether he/she continues employment. This can apply to qualified and non-qualified plans.

Whole Life Insurance (EP)
Life insurance that remains in force during the insured's entire lifetime provided premiums are paid as specified in the policy. Whole life insurance also builds cash value (as a result of the level premium approach to funding the death benefit). Whole life insurance from a mutual insurance company may be eligible for dividends, which are not guaranteed.

Withdrawal Charges
Penalty assessed upon the surrender of more than the permitted charge-free amount, if any, from certain investments during the first several years. Certain investments may have annually declining withdrawal or "surrender" charges.