waiver-of-premium rider

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Last updated

July 15, 2026

Quick Summary

A waiver-of-premium rider is a clause in an insurance policy that allows for continued coverage without the need to pay premiums under specific circumstances. This rider is often included in life and health insurance policies.12

If the insured becomes totally and permanently disabled before a certain age, typically 60, premium payments can be waived. This provision ensures that the policy remains in force even if the policyholder is unable to work and make payments due to disability. It is an optional feature that can be added to a policy for an additional charge.234

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…attach to the contract a waiver-of-premium rider under which premium payments will be waived in the event of total and permanent disability before the age of 60. Under the disability income rider, should the insured become totally and permanently disabled, a monthly income will be paid. Under the double indemnity…
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…attach to the contract a waiver-of-premium rider under which premium payments will be waived in the event of total and permanent disability before the age of 60. Under the disability income rider, should the insured become totally and permanently disabled, a monthly income will be paid. Under the double indemnity…
Read More