Waiver of Premium
| Waiver of Premium |
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A rider benefit that will waive the premium on one's insurance policy |
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Premium will be waived for the duration of total disability or until the insured's 60th birthday if the insured becomes totally disabled. |
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| Parent Risk Benefit Rider |
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A rider benefit that offers waiver of premium protection for a child's insurance policy if the policyholders (parents) unfortunately pass away or become totally disabled before the age of 60. All premiums due on the child's insurance policy will be waived after a 6 month waiting period until the policyholders recover or the child reaches the age of 23. |
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The above information is for reference only. For a complete explanation of the terms and conditions, please refer to the policy.
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