Content Overview
- Summary
- Pre-Existing Condition Provisions
- Premiums
- Elimination Period (Also Known As "Waiting Period")
- Definition of Total Disability
- Partial Disability
- Recurring Disabilities Provision
- Benefit Amount
- Maximum Benefit Period
- Survivor Benefit
- Mental And Nervous Limitation
- Exclusions And Limitations
- Rehabilitative Training Or Employment
- Waiver Of Premium
- Riders: Guaranteed Insurability, Social Security Offset, Cost Of Living
- Renewal Terms
- Insurance Company Financial Situation
- Taxation of Benefits
Disability Insurance: Long Term: Individual
Waiver Of Premium
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Most plans waive any premiums while you are disabled.
If your policy contains a waiver of premium clause and you become disabled, continue to pay the premiums on time. It is advisable to write on the check: “Contested premium, should be on waiver.” Keep doing this until the insurance company confirms the waiver in writing.
You can always get a refund for premiums you didn’t have to pay. It’s not so easy to have a policy reinstated once the company knows it is facing a claim.
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