waiver of premium


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Related to waiver of premium: Accelerated death benefit

waiver of premium

Health insurance A provision that, under certain conditions, insurance will be kept in full force without further payment of premiums When applicable Permanent and total disability. See COBRA, Disability.
References in periodicals archive ?
A key to increasing your DI insurance production is to ask clients with the Waiver of Premium if they understand how it works.
The initial client feedback has been very positive and we believe that these enhancements not only bring waiver of premium operations into the 21[sup.
For example, if someone works on the fl oor in the heavy industries, a waiver of premium or a permanent and partial disability cover can be explored.
Contract notice: Heraanbesteding insurances life, death and insurance waiver of premium and disability annuity.
The company's main businesses include endowment, investment-linked life protection, lifestyle protection, savings and retirement protection, education protection, term protection and other additional protections, such as medical, critical illness, accident and waiver of premium riders.
MassMutual Financial Group offers just waiver of premium, accidental death and dismemberment, spouse and child term riders, with all but spouse and child being elected by plan sponsors, says Joe Micoletti, sales consultant in Enfield, Conn.
When waiver of premium is added, these plans are self-completing if you become disabled.
Something so routine as waiver of premium in the traditional disability market often sucker-punches an insured when it comes to claim time with a Lloyd's high-limit disability policy.
Waiver of premium is a type of insurance that is included in many regular premium policies.
Waiver of premium rider: Waives premium obligations during a period of disability or illness, while the insured continues to benefit from the policy.
These can include waiver of premium, which ensures that your policy payments are made if you are unable to work.