Waiver of premium

A waiver of premium feature is like a generator that kicks in when there is a temporary power cut. This means, if you miss paying your premium due to any health-related issues or disability, the waiver of premium protects your insurance coverage and makes sure your policy remains active, including all of its benefits.
If your life insurance policy does not already come with this benefit, by paying an additional fee, you can add this rider to your policy and ensure that your coverage doesn't lapse even during financial challenges.