Waiver of premium or ‘waiver of premium benefit’ is an additional benefit which can be added to your life insurance cover for an additional cost.
It ensures your life insurance remains intact if you become incapacitated by illness or injury and are unable to pay your monthly premiums.
Without such cover, failing to make premium payments will result in your life insurance being cancelled and your loved ones being unable to make a claim when the day comes.
At Reassured, we offer an FCA regulated, award-winning service to help you find the right life insurance to meet your unique needs.
Get in touch today to discuss your options.
Keep reading to determine if a waiver of premium is right for you…