What is waiver of premium

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What is waiver of premium benefit?

If you become ill or disabled after a specified length of time, your insurance company will continue to pay your life insurance premiums until you recover or your policy finishes. The payment of your premiums begins after a waiting period of usually 3 or 6 months, this is called the deferred period.

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Life Saver is a trading name of Clarity Financial Advice Ltd. Registered in England and Wales No 5615986. Registered Office: Eckington Business Centre, 62 Market Street, Eckington, Derbyshire S21 4JH. Clarity Financial Advice Ltd is Authorised and Regulated by the Financial Services Authority.The guidance contained within this web site is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.

Information on this site does not constitute personalised advice. Always consult a professional independent financial adviser before taking any action.

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