What waiver of premium benefit?

A very valuable addition to any life insurance contract. Waiver of premium protects the premiums to a plan in the event the life assured is unable to work due to sickness or disability.

This benefit generally kicks in after you have been unable to work for a period of about 6 months and will cease either when you are healthy enough to return to work, when or if the plan ends, or when you retire, whichever event comes first.

Quite often policy holders take out life insurance policies and don't really think about what would really happen in the future at all not least in the event of them being unable to work. it is for this reason that waiver of premium benefit was invented.

It is worth knowing that there are a large proportion of people that don't just keel over and die. A lot of people have illnesses or accidents and are rendered unable to work for long periods of time and it is during this time when funds are at their most restricted that life insurance suddenly seems like an expensive luxury when in fact you might never need it most.

So as we have said at the beginning of this page waiver of premium is a very valuable addition to any life insurance contract and for the cost one that should be included on all.

To include it on your life insurance contract just pull the drop down box within our quote engine to the type of benefit you require.