Waiver Of Premium

Certain types of insurance policies will have a provision that if a person has a total disability that is continuous for a certain length of time, then the premium payments do not have to be made. The time period is usually a minimum of three or six months. Total disability is a rather strict definition.

When purchasing a vehicle there is often an option to purchase life and disability insurance. It is best to consult with a life insurance broker, as you may find that there can be quite a difference in the pricing of this product.