yann is a single father who owns life insurance policy on his life and another policy on the life of his younger daughter , salma. yanns policy has a waiver of premium benefit that covers the policys premium if he become totally disabled. yann wants to make sure that salmas coverage remains in force even he is unable to pay the premiums due to disability. how can he cover the premiums on salmas policy if he becomes disabled?
Added by Destiny A.
Step 1
- This rider waives (or covers) the policy premiums if the premium payer (Yann) becomes totally disabled, preventing him from paying. - The rider typically keeps Salma’s coverage in force until a specified age or until the policy would otherwise lapse. Show more…
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