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Byron Adele, founder and CEO of A Q Quote, discusses the waiver of premium feature in life insurance policies. This option was introduced to prevent policies from lapsing when customers become disabled and unable to work. When disabled, individuals often prioritize essential needs over life insurance. The waiver allows the life insurance company to cover premiums starting in the seventh month of total disability, typically if it occurs before age 60, and continues as long as the individual remains disabled. While the specifics can vary by insurance carrier, the general principles of this feature are outlined for consideration.