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under this provision, if the insured becomes totally disabled from bodily injury or disease before some stated age, all premiums coming due during the period of disability are waived |
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waiver-of-premium provision |
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w/ the waiver-of-premium provision, death benefits, cash values, and dividends continue as if the premiums |
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w/ the waiver of premium provision, before any premiums are waived, the insured must become disabled before |
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w/ the waiver of premium provision, before any premiums are waived, the insured must be disabled for |
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w/ the waiver of premium provision, before any premiums are waived, the insured must satisfy the definition of |
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w/ the waiver of premium provision, before any premiums are waived, the insured must furnish proof of what satisfactory to the insurer? |
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in many waiver-of-premium provisions, means that b/c of disease or bodily injury, the insured cannot do any of the essential duties of his or her job, or of any job for which he or she is suited based on schooling, training, or experience |
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if the insured can perform some but not all of these acts and duties, the disability is not considered total, and the premiums are |
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if the insured is a minor and is going to school, premiums are waived if the minor is unable to |
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a second definition of total disability found in some policies is more |
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more liberally defined, for the first two years means the insured cannot work in the occupation that he or she had at the time the disability occurred |
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after the two years expires, means he or she cannot work in an occupation for which he or she is qualified by education, training, and experience |
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total disability can also be defined in terms of the loss of used of |
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the insurer may also require continuing proof of disability once each |
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many insurers recommend adding the waiver-of-premium provision to a life insurance policy, especially if the face amt of life insurance is |
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