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Byron Adele, founder and CEO of A Q Quote since 1986, explains the value of waiver of premium in life insurance policies for those who become disabled. This feature was introduced to prevent policy lapses when customers can no longer work. If you become disabled before age 60, the insurance company will pay your premiums starting in month seven of your disability. This ensures your coverage continues as long as you are disabled. Remember to review the specific terms and conditions with your carrier.