| 单词 | waiver of premium |
| 释义 | waiver of premiumwaiver of premiumHealth insurance A provision that, under certain conditions, insurance will be kept in full force without further payment of premiums When applicable Permanent and total disability. See COBRA, Disability.Waiver of premiumWaiver of premiumWaiver of PremiumWaiver of premium.If you have a waiver of premium provision in your long-term care or disability insurance policy, you may qualify to stop paying premiums once you've begun collecting benefits. A waiver of premium provision increases the cost of your insurance, but means that you won't be left without coverage if you are no longer able to pay the premiums. See WOP |
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