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Save Insurance Waiver in DOC

Save Insurance Waiver in DOC

Aug 6th, 2022

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How to Save Insurance Waiver in DOC

4.6 out of 5

64 votes

Byron Adele, founder and CEO of A Q Quote, explains the importance of the waiver of premium feature in life insurance policies. This option was introduced to prevent policies from lapsing when customers became disabled and lost their income. If a policyholder becomes totally disabled, typically before age 60, the life insurance company will cover the premium payments starting in the seventh month of disability and will continue as long as the policyholder remains disabled. While terms may vary by carrier, understanding this feature can be crucial for maintaining insurance coverage during challenging times.

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