Can the Life Insurance Policy Include a Waiver of Premium?
Life insurance policies have evolved over the years to include riders that enhance the main policy. A rider is an additional provision attached to the policy that modifies the original contract. One such modification to a life insurance policy is a waiver of premium. Make sure you understand how a waiver of premium works before electing this option on your policy.
Related Questions
- I want to set up a life insurance policy, name Williams College as beneficiary, but retain ownership of the policy. Can I deduct the premium payments I make?
- I want to set up a life insurance policy, name PHLF as beneficiary, but retain ownership of the policy. Can I deduct the premium payments I make?
- What is a Waiver of Premium policy?
