GET MY QUOTE
GET MY QUOTE

Waiver of Premium Disability Rider

Waiver of Premium Disability Rider

Do you have a plan for your family in case you have a fatal accident? Having a backup in place ahead of time can not only give you peace of mind, but also protect your loved ones from unexpected expenses.

What Is a Waiver of Premium Disability Rider?

A waiver of premium disability rider is a type of life insurance rider, or an optional feature you can add to a new or existing life insurance policy. These riders allow you to stop paying your life insurance premiums under certain conditions, like if you become disabled. With this type of rider, you can make sure your family still has the financial protection they need, even if you stop earning an income and have trouble making your life insurance payments. You won’t have to pay your premiums for as long as the condition lasts, and your policy will still be effective until the end of its term.

Qualifying for a waiver of premium disability rider is partly based on factors like your current age and health, depending on the life insurance company you choose. You may also have a waiting period involved before your rider kicks in.

While a waiver of premium rider does increase your life insurance costs slightly, it also guarantees financial protection later, so you can breathe a little easier.

Benefits of a Waiver of Premium Disability Rider

A disability income benefit rider can help you gain added peace of mind when you need it. Some of the top benefits include:

Minimizing the financial impact of a disability

Becoming disabled and losing your income can take a big toll financially on you and your family. Life insurance with a disability income rider can help make things easier by protecting your income and reducing your monthly expenses.

Prevent your life insurance from lapsing

If you could no longer afford to pay your premiums on a traditional life insurance policy, your coverage would end, leaving your loved ones with no financial protection. A waiver of premium benefit can take this strain off your shoulders and help you feel confident that your family is protected.

Flexible coverage for your unique needs

A waiver of premium provision works well for people with a range of financial needs. Whether you run a business or are the main breadwinner in your family, these riders can help protect anyone who would feel the impact of your lost income.
Get a Quote

Waiver of Premium Rider Through eFinancial

Whether you’re at risk of accidents or want to be prepared for one, this rider can help you customize coverage for you and your family. At eFinancial, we offer high-quality, affordable products from top providers. Our agents can walk you through a range of accidental death benefit rider options, so you can find the one that fits your unique needs. We’re here to help you protect your family.

You've Got Questions. We've Got Answers.

Wondering if a disability waiver of premium rider is the best choice for you? Here are answers to some of our most common questions:

Is a waiver of premium disability rider a good fit for me?

This rider might be a good fit for you if you:

  • Work in a hazardous environment: If you work a manual labor job, around heavy machinery, or a workplace where accidents are more frequent, talk to an agent about adding this type of rider to your policy.
  • Travel or commute frequently: Whether you travel for work or pleasure, it’s always good to make sure you’re covered.
  • Want extra peace of mind: Accidents can happen anytime – an accidental death benefit rider can help you protect your family with confidence, no matter what.

Riders are optional features that you can add to a life insurance policy. While adding riders can increase your premiums, they offer more protection than a policy would by itself, so you can help secure your family’s financial future.

Life insurance riders also help you customize your policy to fit your unique needs. You can add multiple riders to the same policy, allowing you to create the coverage that works best for you.

Accidental death benefit riders offer extra coverage if you have a fatal accident, wrongful death, or homicide. Types of accidents that may be covered include:
  • Car or traffic accidents
  • Airplane crashes
  • Falls
  • Workplace incidents
  • Fire-related injuries
  • Firearm accidents

If your rider includes major injuries or trauma, you may also be covered for limb loss; loss of hearing, eyesight, or speech; or partial or permanent paralysis.

Interested in adding a waiver of premium disability rider to a whole or term life insurance policy?

Get your quote online, or talk to one of our agents at 844-704-1641.