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Waiver Of Premium For Disability


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— Erik Pevernagie

Waiver of premium for disability is a provision in an insurance policy that states the insurance company will not require the insured to pay the premium if they are seriously injured. Insurance companies can vary in their definition of a disability, and policies can vary on when and for how long they will waive a premium in the event of a disability. It is important to note that insurance companies may charge a higher premium to include this waiver in the policy.

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