Waiver of Premium

Waiver of Premium Rider

Waiver of Premium Rider: What it is and How It Works A waiver of premium rider is an optional add-on to a life insurance policy that allows the policyholder to stop paying premiums if they become disabled. The life insurance company will continue to pay the premiums while the policyholder is disabled, and the death…


Common Disaster Provision

Common Disaster Provisions A common disaster provision is a clause in an estate planning document or insurance policy that specifies how assets will be distributed if the insured and the primary beneficiary die simultaneously or within a short period of time. This can be important to avoid probate costs and estate taxes, and to ensure…