A waiver of premium rider's cost will depend on several factors, including your age, health and amount of coverage. For example, you might pay about $3 a month if you're a 35-year-old man with a 20-year, $500,000 term life insurance policy for $21.05 a month.5 What are some re...
While some select few policies may include a waiver of premium rider with the policy (this is generally more commonly included without charge on universal and variable universal life policies) the rider generally is added at cost, and it must be added at the issue of the life insurance policy...
If you become disabled and cannot work, a waiver of premium rider covers your life insurance premium payments. But, it can be hard to qualify for the benefits.