The waiver-of-premium benefit excuses premium payments while the insured is experiencing short-term illness.

Name: The waiver-of-premium benefit excuses premium payments while the insured is experiencing short-term illness.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The waiver-of-premium benefit typically applies when the insured is disabled or experiences a long-term illness, not just short-term illness, allowing them to maintain their policy without paying premiums during the specified condition.

The Waiver-Of-Premium Benefit Excuses Premium Payments While the Insured Is