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Waiver of Premium Rider

Waives the responsibility to pay the premium if and when the policyholder becomes disabled, during the length of the time the policyholder is disabled.
This life insurance rider waives the responsibility to pay the premium if and when the policyholder becomes disabled, during the length of time the policyholder is disabled. Premiums must be paid, but if the insured has become disabled and suffers from loss of income as a result, the waiver of premium life insurance rider will guarantee the active status of your life insurance even if the premiums are not paid.

A similar life insurance rider that is especially beneficial is the disability income rider, which secures a monthly income should the insured become permanently disabled.
    



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