A. Life Insurance Policy Riders -Waiver of Premium and Waiver of Premium with Disability Income (WP)-
The premiums will be waived and the policy will remain in force for as long as the insured is still disabledThe premiums will be waived and the policy will remain in force for as long as the insured is still disabled
Waiver of Premium and Waiver of Premium with Disability Income (WP)
This disability income rider would cost extra
Waiver of Premium and Waiver of Premium with Disability Income (WP)
Very inexpensive
Waiver of Premium and Waiver of Premium with Disability Income (WP)
A type of disability income insurance added to a life policy
Waiver of Premium and Waiver of Premium with Disability Income (WP)
If added with disability income as well, the policy pays the insured's net income monthly during time of total disability
Waiver of Premium and Waiver of Premium with Disability Income (WP)
If insured satisfies waiting period the insurer will reimburse insured for any premiums paid during the 6 -month waiting period
Waiver of Premium and Waiver of Premium with Disability Income (WP)
Insured must pay any premium due during the waiting period
Waiver of Premium and Waiver of Premium with Disability Income (WP)
Often time this rider must be enacted before age 60 (drops off at a certain age)
Waiver of Premium and Waiver of Premium with Disability Income (WP)
Has a 6-month waiting period
Waiver of Premium and Waiver of Premium with Disability Income (WP)
Will pay the premium if the insured becomes totally disabled
Waiver of Premium and Waiver of Premium with Disability Income (WP)
