Waiver of Premiums
Waiver of premium Explained
Waiver of premium provides a means of insuring your life insurance monthly premiums. In the event that you are unable to work through ill health, payments are made until the end of the policy term, a specified age or until you are able to return to work. The payments are made after a set deferment period normally 26 weeks.
Waiver of premium is usually purchased as an optional extra with your life insurance policy. This type of policy does not normally cover unemployment/redundancy.
As with all insurance products, the terms and conditions of policies do vary check the quotes Key Facts documents for each quotation produced.
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