Waiver of Premium Disability Claim(redirected from Waiver of Premium Disability)
Also found in: Acronyms.
Waiver of Premium Disability Claim
A claim a policyholder makes to an insurer to activate a waiver of premium rider, which is an agreement with the insurer allowing the policyholder not to pay premiums if he/she is seriously injured, ill or disabled. In general, the policyholder must pay a one-time fee for the insurer to include a waiver of premium clause in a policy.
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