Whole life insurance provides financial security for you and your family. Once you purchase a policy, you don’t want to lose the coverage. But if you become injured and are unable to work, and as a result cannot pay your premiums, your whole life insurance policy may be put in jeopardy. Adding a waiver of premium rider to your policy may safeguard your life insurance coverage.
Waiver of Premium Rider
A rider is an attachment to your insurance policy that changes the terms or coverage of your policy.