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Investments glossary

Waiver of Premium for Payer Benefit


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Quotes of the day:

All that is gold does not glitter not all those that wander are lost.

— J. R. R. Tolkien

A waiver of premium for payer benefit clause in an insurance policy says that the insurance company will not require the insured to pay a fee to maintain the plan under certain conditions. Most commonly, these conditions are the death or disability of the person paying the insurance premiums.


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