Sentences with phrase «waive premiums»

If you can waive the premiums on your life insurance for the duration of your disability, this prevents your family from having to find the money and potentially going into debt.

Waiver of premium on a life insurance policy or disability insurance policy means that in case of a disability, the insurance company will waive the premiums and keep the policy in force.

Most life insurance companies allow you to add a waiver of premium rider to most any policy which says that if you should become disabled for usually a minimum of 6 months the life insurance company will step in and waive your premiums for as long as you are disabled even if it is for the rest of your life.

This rider guarantees that if you should become disabled, any time after 6 months of disability, the life insurance company will waive the premiums for as long as you are disabled even if it is for the balance of the duration of the policy.

It simply states that in the event you become disabled while you own your policy... as long as you are disabled for a minimum of 6 months... the life insurance company will waive your premiums for as long as your disability continues.

If you should become disabled the life insurance company will waive the premiums for your policy for as long as you are disabled... even if it is for the rest of your life.

If the policy owner should become disabled the company will waive the premiums any time after six months of disability even if you are disabled for the rest of your life.

In addition, on certain policies with specific life insurance companies, the WOP rider will also waive premiums due on the supplemental life insurance riders, guaranteed insurability riders and renewable term riders.

If the insured becomes disabled between the ages of 60 and 65, this coverage will waive premiums to the later of the third policy anniversary after total disability, and the anniversary when the insured is age 65.

Waiver of Premium Rider — Essential for anyone's disability protection plan, the rider will waive all premiums due for the coverage and any riders.

This rider will enable you to waive your premiums in the event that you become disabled and are unable to work.

The Waiver of Premium rider provides for the insurance company to waive premiums due on your policy should you become totally disabled.

They will need proof of disability in order to waive the premiums.

If your kid becomes permanently disabled, the rider will waive all premiums due for the life of the policy, i.e. until your child dies (hopefully many years later).

Banner Life will waive all premiums that are due to be paid during the total disability period.

The provider will waive your premiums due and will automatically pay total disability benefits for the full length of the benefit period when it receives evidence of your presumptive total disability.

This enables you to waive premiums if you became disabled.

• Waiver of Premium Rider — By selecting this rider, you will be able to waive your premiums should you become totally disabled.

A waiver of premium rider offers the option for you to waive premiums until such time as you're able to work again if you become permanently disabled, or are unable to work due to a covered illness or injury such as:

If disability begins on or after age 60, AIG will waive premiums until one year after total disability began or until age 65 — whichever is later.

This rider will waive you premiums for three months if you are confined to a licensed hospital for 20 continuous days or more.

For example, the Waiver of Premium rider will waive all premiums should you become totally disabled while the Accelerated Benefit rider allows for a portion of the death benefit to be received early if you experience a terminal illness.

The rider will waive premiums for the base policy and any eligible riders if the base policy insured becomes totally disabled for at least six months during his or her lifetime.

Then there are ones that waive premiums if you become disabled, while mortgage life insurance is connected to the principal amount on your mortgage and the death benefit and premiums decline as you pay off your home.

In this case, the company will waive all premiums that are due during total disability, provided that the disability has existed for at least six months.

We will waive all premiums that are due during total disability if we are given proof of total disability and such total disability has then existed continuously for at least six months.

If disability begins on or after age 60, AIG will waive premiums until one year after total disability began or until age 65 — whichever is later.

Waiver of Premium Rider — Essential for anyone's disability protection plan, the rider will waive all premiums due for the coverage and any riders.

Whether an applicant decides to go with whole life or guaranteed universal life, a couple of options worth exploring with an agent include possibly setting up a lifetime of guaranteed monthly income for beneficiaries or including a rider that gives a policy holder the ability to waive premiums if they become disabled and can't work.

This rider will enable you to waive your premiums in the event that you become disabled and are unable to work.

In addition, on certain policies with specific life insurance companies, the WOP rider will also waive premiums due on the supplemental life insurance riders, guaranteed insurability riders and renewable term riders.

Waiver of Premium Rider: the waiver of premium rider will waive premiums due on the policy if you become totally disabled.

If disability begins on or after age 60, AIG will waive premiums until one year after total disability began or until age 65 — whichever is later.

AXA will waive premium payments during a period of total disability lasting six consecutive months or more.

United of Omaha will waive premium payments if you become disabled and are unable to work.

This carrier will waive premium payments during a period of total disability lasting four consecutive months or more.

AIG will waive premium payments during a period of total disability lasting six consecutive months or more.

When Life Happens Riders can help cover you for life's unexpected changes, such as waiving your premiums if you become disabled, or providing access to your death benefit early if you become terminally ill.

The Legalese «This rider waives all premiums on the base policy if the insured becomes totally disabled without interruption for at least six months.

Haven Life will waive premium payments during a period of total disability lasting six consecutive months or more.

Minnesota Life will waive premium payments during a period of total disability lasting six consecutive months or more.

United of Omaha will waive premium payments if you become disabled and are unable to work.

With this rider, if you become unemployed for at least four consecutive weeks, United of Omaha will waive premium payments up to a total of six months.

This carrier will waive premium payments during a period of total disability lasting four consecutive months or more.

AXA will waive premium payments during a period of total disability lasting six consecutive months or more.

These could be extras such as waiving premiums if you're disabled for a certain period of time, converting a term policy to a permanent policy, returning paid premiums if you outlive your policy's term, or, as we'll talk about here, receiving death benefits early.

Other benefits include accidental death, which provides benefits when death occurs as a result of an accident, family plan for insured spouse and children, disability waiver of premium, which waives the premium payments if the insured becomes disabled for more than 6 months and mortgage payment disability benefit which offers money to continue making payments if the insured individuals becomes disabled for 60 days or longer.

Waiver of Premium: A particularly effective rider for business owners under the age of 60, the WoP rider kicks in if you are disabled, waiving all premiums due on your policy for the entire duration of the coverage, or until you are no longer disabled.

William Penn will waive premium payments during a period of total disability lasting six consecutive months or more.

When Life Happens Riders can help cover your client for life's unexpected changes, such as waiving their premiums if they become disabled, or provide access to their death benefit early if they become terminally ill.