Waiver of Premium Disability Claim

Waiver of Premium Disability Claim

A claim a policyholder makes to an insurer to activate a waiver of premium rider, which is an agreement with the insurer allowing the policyholder not to pay premiums if he/she is seriously injured, ill or disabled. In general, the policyholder must pay a one-time fee for the insurer to include a waiver of premium clause in a policy.