The waiver of premium option can result in the savings value of a life insurance policy increasing, even if no premiums are currently being paid.

Question

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The waiver of premium option allows the policyholder to stop paying premiums if they become disabled or unable to work. During this period, the savings component of the life insurance policy may continue to grow, increasing the overall value of the policy even though no premiums are being paid.

The Waiver of Premium Option Can Result in the Savings