The meaning of WAIVER OF PREMIUM is a clause in an insurance policy providing continued coverage without payment of premiums under stated circumstances.
Related to Waiver of Premium Nonpayment of premium means the failure or inability of the named insured to discharge any obligation in connection with the payment of premiums on a policy of insurance subject to this section, whether such payments are payable directly to the insurer or its agent ...
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The meaning of WAIVER is the act of intentionally relinquishing or abandoning a known right, claim, or privilege; also : the legal instrument evidencing such an act. How to use waiver in a sentence.
Define Waiver of premium. Waiver of premium synonyms, Waiver of premium pronunciation, Waiver of premium translation, English dictionary definition of Waiver of premium. abbr. 1. weather permitting 2. white phosphorus 3. a. word processing b. word proces
Learn about the waiting period on a waiver of premium rider in life insurance policies and how it impacts your finances. Find out more about this important feature.
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...
A waiver of premium clause is a provision in an insurance policy that permits the waiver of premium payments upon the disability of the insured. Commonly such waivers take effect only after a certain time of disability. Various waiver provisions are inserted into contracts. The parties may agree...
An insurance company may offer a paid-up policy or extended term policy depending on the type of policy and cash value. Alternatively, if the policy owner is different from the payor (parent or grandparent), then the policy owner could designate another payor or begin premium payments ...
Section 1332 of the ACA permits a state to apply for a State Innovation Waiver to pursue innovative strategies for providing their residents with access to high-quality, comprehensive, affordable health insurance while retaining the basic protections of the ACA. Is 2017 the year of the 1332 waive...