shopify analytics ecommerce
tracking

Waiver Of Premium Rider

How The Waiver Of Premium Rider Works

The waiver of premium rider may be included in any life insurance policy you choose to purchase. It simply states that in the event you become disabled while you own your policy...as long as you are disabled for a minimum of 6 months...the life insurance company will waive your premiums for as long as your disability continues.

It does not matter how long you are disabled...you will not be required to pay the premiums. Upon recovery you pick up your payments again. You will owe no debt to the insurance company. The cost of the waiver of premium rider is minimal.


Don't pay too much for life insurance! Shop and compare Quality Quotes from Quality Carriers first. Just answer a few quick questions then get your Quotes. The process is Easy and FREE. Click Here For Free Quotes


  • Benefit

    The premiums of your life insurance policy will be waived if you are continuously disabled for a minimum of six months and this must begin before a certain age. This varies between companies. It could be age 55 or age 60.

    The minimum period may also vary. With each life insurance company the waiting period for your premium waiver may differ. Some start after 3 months, some 4 months, and most others after 6 months. The company will refund the premiums paid during the waiting period.
  • Definition

    One of the most important things to bear in mind as far as the definition of disability is concerned is that it must clearly indicate that you are disabled and your premiums will be waived if you are unable to engage in the occupation in which you were employed at the time you became disabled.

    It pains me to see that many large life insurance companies are still defining disability as not being able to engage in any occupation. With such a definition premiums will not be waived in many a case as this suggests that you may be qualified to do any job other than one you are experienced and trained to do. Be careful about this...take time to read your policy.
  • Presumptive Disability

    For the purposes of the waiver of premium rider, in some life insurance companies a person is considered disabled even though s/he can still work under certain circumstances. If this person has lost the use of both hands or both feet or both eyes he or she is considered disabled. The loss of one arm and one foot would also qualify that person...also included is the loss of hearing or speech.
  • Proof Of Disability

    Upon the onset of disability...before the premium waiver rider can take effect...proof of disability is required by the life insurance company. They may also require proof, on occasion, that your disability has continued. Failure to provide this information could result in the interruption of your premium waiver.
  • Period Of Waiver

    The waiver of premium rider allows for your premiums to be waived during your disability usually up to age 65. The benefit terminates when the policy terminates. If you have a 10 year term policy for example...the waiver of premium will only last up to the end of the 10 year period or to age 65, whichever is sooner.

The rider can be added to any life insurance policy whether whole life or term. Variable life, variable universal life and variable universal life can also have the waiver of premium rider added but only to the portion of premium that is applied to life insurance.


There is nothing more important than your family's security. What would happen to your family if you died? Would they be provided for? Compare Quality Quotes and Save up to 70%! The process is Fast, Easy and FREE. Click Here To Learn More


Home Waiver Of Premium Whole Life Insurance Online Term Life Insurance Quote Online Accidental Death Benefit Annual Renewable Term Life Insurance Compare Term Life Insurance Quotes Beneficiaries Low Cost Term Life Insurance Whole Life Insurance Online Life Insurance Life Insurance Buying Tips Best Life Insurance Quote Life Insurance And Family Protection Business Life Insurance Accelerated Death Benefit Affordable Life Insurance Annuity Buying Life Insurance Charitable Giving Cheap Life Insurance Compare Term Life Insurance Quotes Decreasing Term Life Insurance Quotes Disability Insurance Quote Estate Planning Explanation Of Term Life Insurance Free Term Life Insurance Quote Graded Premium Life Insurance How Much Life Insurance Instant Life Insurance Quote Insurance Commissioners Life Insurance Quote Online Life Insurance Rates Life Insurance Settlements Long Term Disability Insurance Mortgage Life And Disability Insurance

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. No Medical Exam Life Insurance Explained - No Medical Life Insurance

    No Medical Exam Life Insurance. What is going on here? Is this new? The way people act one would think that this is an entirely new idea.

    Read More

  2. Online Life Insurance - Online Term Life - Online Whole Life

    Consider online life insurance. Buying life insurance online can be quite a simple process especially if you know how much you want and what type.

    Read More

  3. Term Insurance Details - Term Life Insurance Policies Explained

    There are many pages on this website on term insurance details and how it works. What I want to do on this page is give you a basic and general outline of this policy.

    Read More

  4. Term Life Insurance Quote - Premiums Have Been Reduced

    You may find it a valuable experience as well as enlightening if you took some time to get a term life insurance quote on your favorite term policy.

    Read More

  5. Key Employee Life Insurance

    Key employee life insurance is really a necessity.

    Read More