What Does Waiver Of Premium Mean For Life Insurance?

Waiver of premium in life insurance policy ensures that the policy does not end or become inactive even after the death of the customer or due to the disability of the customer to pay the premium. In common waiver of premium life insurance is a service that provides customers not to pay premiums during a period of disability.

What is Waiver of Premium in Life Insurance?

A waiver of premium is an add-on cover/rider, which can be added to your life insurance policy. It can cover your monthly premiums if you can’t work because you’ve been seriously injured or are critical illness.

What is Life Waiver of Premium?

Waiver of premium is a rider in a life insurance policy that waives off the premium payments by the insured if the policyholder suffers from critical illness, accidental disability or serious injuries. The waiver of premium rider is available on payment of additional premium to the insurance company.

What is a Waiver of Premium Rider?

A waiver of premium rider is a service that provides customers not to pay premiums during a period of disability. It can cover your monthly premiums if you can’t work because you’ve been seriously injured or are critical illness.

What Does Waiver of Premium Mean in Life Insurance?

Waiver of premium is a rider in a life insurance policy that waives off the premium payments by the insured if the policyholder suffers from critical illness, accidental disability, or serious injuries. The waiver of premium rider is available on payment of additional premium to the insurance company.