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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 WAIVER OF PREMIUM RIDER


The waiver of premium rider can be added to the basic life policy and covers the insured in the event that he or she becomes disabled. If disability occurs and the rider is in effect, the insurance premiums are waived for the period of disability. Generally, this benefit becomes effective after the insured had been disabled for 6 months and lasts until the insured is no longer disabled.

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