Waiver of Premium Rider
Insurance Glossary
A rider that keeps a life insurance policy in force with no further premium payments if the insured becomes totally disabled. Coverage continues as though the premiums were still being paid, and policies define total disability specifically, commonly requiring an inability to work along with a waiting period of several months before the waiver starts. It costs an added premium, is usually available only up to a certain issue age, and the definition of disability and the exclusions vary by insurer.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.
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