What do a.m. and p.m. stand for?

waiver of premium

noun, Insurance.
a provision in a policy establishing specific conditions under which the policy will be kept in force without the policyholder's being required to continue to pay premiums. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
Cite This Source
Examples from the web for waiver of premium
  • Many policies include a waiver of premium provision.
  • Disability waiver of premium suspends your obligation to pay premiums if you become disabled as defined by the rider.
  • If you are on approved medical leave of absence, you may be eligible for a waiver of premium in this benefit.
  • Also includes a disability waiver of premium clause whereby if the employee is totally disabled, premiums will be waived.
  • If you qualify for the waiver of premium, this is a free benefit to you.
  • Features such as home health care benefits, respite care and waiver of premium are available through two plans.
  • waiver of premium for all life coverage available to the active member and dependents is based upon proof of total disability.
  • And only annuity contracts offer life income and waiver of premium benefits.

Word of the Day

Difficulty index for waiver of premium

Few English speakers likely know this word

Word Value for waiver

Scrabble Words With Friends

Nearby words for waiver of premium