What is a Waiver of Premium for Life Insurance?

If you are buying a life insurance policy you may want to consider adding a waiver of premium to your life insurance plan.

Why? Because, if you become disabled (ill or injured), your life insurance company will pay your life insurance premiums so you can continue your life insurance policy.

However, there is usually a waiting period for the premiums to be paid by the insurer of six months, but after the waiting period you are reimbursed for the insurance premiums you paid during this time while you were disabled.

Learn more about how a life insurance disability waiver of premium works and why it may be a good idea to add this important coverage to your life insurance policy, especially if you have a high risk occupation or you take part in risky activities or hobbies.

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