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What is A Disability
Waiver of Premium Rider?
Learn more about a disability waiver of premium rider for life insurance coverage. Eligibility requirements will vary based on your life insurance contract. If you need assistance, feel free to contact us.

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DEFINITION OF DISABILITY WAIVER OF PREMIUM


A feature in some life insurance policies that will allow the policy to remain in force in the event the Insured (who must be the policy owner) becomes disabled. The carrier will reduce or eliminate the premium required from the Policy Owner as long as the Insured qualifies for this provision. Some will required an annual qualification and others will have set periods for qualification.

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