Insurance Riders: Waiver of Premium Rider
Автор: Your Financial Coach
Загружено: 2024-04-30
Просмотров: 129
Topic: Waiver of Premium on ______.
Waiver of premium rider would depend on your customized policy.
Waiver of premium means that once an event happens (disability, accident, critical illness, etc.), your premiums for your policy are waived already. This means that your monthly, quarterly, semi annual and annual premiums do not need to be paid anymore but the rest of your policy benefits (if any), would still continue.
You do not need to pay for your policy anymore. This is the waiver of premium benefit.
Some examples are:
Waiver of Premium on Disability
Waiver of Premium on Accident
Waiver of Premium on Critical Illness
Hope this helps and let me know if you have any questions.
Xoxo,
Your Financial Coach
#finance #finances #money #moneytalks #insurance #riskmanagement #wealth #rich #financialliteracy #philippines #learn #VUL #life
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