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LeoGlossary: Waiver of Premium (Insurance)

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How to get a Hive Account


A rider or supplemental benefit that helps prevent your life insurance from lapsing if you become incapable of making payments. If you become too sick or injured to work, this rider goes into effect and covers your policy premiums. Qualifying scenarios would include things like severe injury, permanent illness or some other catastrophic life change that results in you becoming disabled.

General:

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