Question

question 57 of 60
a disability rider on a life policy that allows coverage to remain in force without paying premiums after a qualifying event is known as

a. accelerated benefit.
b. waiver of cost of insurance.
c. disability income benefit.
d. waiver of premium

Explanation:

A waiver - of - premium rider on a life policy allows the policyholder to keep the coverage in force without paying premiums after a qualifying event like disability. Accelerated benefit is an advance on the death benefit, waiver of cost of insurance is more common in some life and health plans but not the most common term here, and disability income benefit provides income during disability not premium - waiver.

Answer:

D. Waiver of premium