Common use of Disability Waiver of Premium Benefit Clause in Contracts

Disability Waiver of Premium Benefit. An amount equal to that attaching to the face amount of Life coverage retained. The above stated Retention Limits is a combined corporate retention limit for the following three companies: Life Insurance Company of Virginia, American Agency Life Insurance Company, and Virginia Life Insurance Company of New York.

Disability Waiver of Premium Benefit. An amount equal to that attaching to the face amount of Life coverage retained. The above stated Retention Limits is a combined corporate retention limit for the following three companies: Life Insurance Company of Virginia, American Agency Life Insurance Company, and Virginia Life Insurance Company of New York.