Part of the Series Guide to Life Insurance What Is a Waiver of Premium Rider? A waiver of premium rider is an insurance policy clause that waives premium payments if the policyholder becomes critically ill, seriously injured, or physically impaired. Other stipulations may apply, such as ...
Is a waiver of premium rider worth it? In most cases, people are better off buying a standalone disability insurance policy instead of adding a waiver of premium rider to a life insurance policy. A long-term disability insurance policy can pay monthly benefits equal to approximately 60% of ...
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You must pay all premiums to keep the policy and any applicable rider(s) in force until Aflac approves your claim for thisWaiver of PremiumBenefit. The excess of Individual Life Insurance andWaiver of Premiumbenefits issued directly by the ceding company on plans listed in Exhibit A shall be ...
Waiver of Premium Disability Waiver of Premium Disability Claim Waiver of Premium for Payer Benefit Waiver of Premium for Purchaser Waiver of Premium Rider Waiver of Premium Rider Waiver of Premium Rider Waiver of Restoration Premium Waiver of Subrogation ▼Complete...
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