Disability Waiver of Premium Rider
Not available with Single Pay Whole Life
This rider waives policy premiums, including rider premiums, during the covered insured’s Total Disability.
Policy Form 5784(R)
Issue Ages
Total Disability or Totally Disabled means, during the first 24 months, that the insured, due to sickness or injury, is unable to perform the substantial and material duties of his or her occupation. After 24 months, Total Disability or Totally Disabled means that the insured, due to sickness or injury, is unable to perform the substantial and material duties of any job for which he or she is or may become reasonably suited by education, training, or experience.
The waiver benefit begins after a six-month elimination period is satisfied and all conditions are met.
If the insured’s Total Disability begins before the policy anniversary immediately preceding the insured’s 60th birthday and continues to the first policy anniversary on or after the insured’s 65th birthday, the waiver benefit is provided until the policy is surrendered, is canceled, or terminates for any reason.
If the insured’s Total Disability begins on or after the policy anniversary immediately preceding the insured’s 60th birthday, the benefit is provided until the earliest of: a) The date the insured’s Total Disability ends; b) The policy anniversary occurring while the insured is age 65, or the Rider Expiry Date, if later; or c) The date the policy is surrendered, is canceled, or terminates for any reason.
*Total Disability definition differs in CA. Please see the policy for details.