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Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions What is the waiting period on the waiver of premium rider in life insurance policies?Most individual life insurance policies offer a waiver of premium provision. "Once you are covered under a waiver of premium rider, the typical policy requires a waiting period of six months after you become disabled," says Paul Wetmore, assistant vice president of Life Product Management at MetLife.
What is the waiting on a waiver of premium rider?To activate the waiver of premium rider, you need to:
Generally, there is a small waiting period, defined as the period between when you sustained your disability and when the rider benefit begins. Usually, the waiting period is six months, although it can be longer or shorter than that (depending on your provider).
What is the waiting period on a waiver of premium rider in life insurance policies choose from the following options 1 30 days 2 3 months 3 5 months 4 6 months?How long is the waiting period for the waiver of premium rider in life insurance policies? In most life insurance policies with the waiver of premium rider, the insured must be disabled for 3 to 6 months before the premium will be waived.
Under what conditions will the waiver of premium rider pay benefits quizlet?Under what conditions will the waiver of premium rider pay benefits? The waiver of premium rider stipulates that the insured must be totally and permanently disabled in order to pay benefits.
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What is the waiting period on a waiver of premium rider in life insurance policies Quizlet
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