If an insured with a Waiver of Premium rider becomes disabled, which of the following is true regarding their premiums?

A Waiver of Premium rider is an important feature in life and health insurance policies that protects the policyholder in the event of a disability. When this rider is activated due to the insured becoming disabled, it allows the insured to stop making premium payments without losing their coverage.

The correct understanding of how the Waiver of Premium rider works is that once the insured qualifies for the waiver, the insurance company will suspend premium payments until the insured is back to health and able to work again. The rider typically includes a waiting period; however, once that period is satisfied, no further premium payments are required for the duration of the disability.

The statement about premiums needing to be paid for six months is somewhat misleading. In practice, while there may be a waiting period before the waiver takes effect, it generally does not require payment for an initial six-month term before waiving. Thus, the notion that premiums must be paid for that period before they are waived is an incorrect reflection of how most Waiver of Premium riders function.

In summary, the concept behind the Waiver of Premium rider is to provide immediate financial relief during the period of disability, allowing policyholders to focus on recovery without the burden of premium payments hanging over them. If there’s a waiting period