Waiver of Premium Disability Rider

If you’re between the ages of 18 and 60 and want to protect your family financially in case you become disabled, a waiver of premium rider can be a smart choice.

Keep in mind that some especially high-risk professions, like police and military work, may not be able to qualify for this type of coverage. It could also be harder to get an affordable waiver of premium rider if you enjoy hobbies like skydiving or mountain climbing.

Insurers typically require waiting periods, both after you buy a policy and after your diagnosis, before you can use the waiver. These can last from several months to a year.

The exact amount of time you’ll need to wait depends on the policy and company you choose. We’ll help you learn more about the options available to you as you shop for coverage.

Unfortunately, no. Someone who is currently disabled won’t qualify for a waiver of premium rider. In some cases, though, you may be approved for a waiver of premium if you have a less serious condition. If that condition worsens and causes you to become disabled later, you would be covered on your waiver of premium rider.