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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Waiver of Premium Rider |
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This is a rider or a policy provision on a term or permanent life insurance policy that insures the policyowner against the need to pay premiums if the person insured becomes disabled. If the insured becomes disabled, the insurance company would pay the premiums due and maintain the coverage in force. The definition of "disabled" varies by type of policy purchased and the insurance company. Under a permanent life insurance policy the policy can be used to provide an income if the increase in cash value is borrowed each year. Also see also Accidental Death Benefit Rider, Dependent Child Insurance Rider and Family Insurance Rider. |
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Learn More about Life Insurance
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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