Waiver of Premium Benefit. After You have satisfied the Elimination Period and are receiving benefits under the Policy, the premium payments which become due will be waived. You do not have to pay any premium payments until You are no longer receiving benefits. If Your premium payment mode is other than monthly, Your premium payment mode will be changed to monthly. If Your premium payment mode is other than monthly when You begin to actually receive benefits, any premium which You have already paid for any coverage during the period for which premiums are waived will be returned to You.
Waiver of Premium Benefit a benefit provided pursuant to a Policy wherein SAFECO agrees to relinquish its right to Policy Premiums in the event of the Policy owner’s disability until such disability is ended.
Waiver of Premium Benefit. The reinsurance premium for the Accelerated Care Rider only will be waived while a claim to the rider is active.
Waiver of Premium Benefit. The maximum Accidental Death Benefit is the lower of the Sum Assured and USD 1 000 000 (or GBP or EUR currency equivalent).
Waiver of Premium Benefit. Once you satisfy the Waiver of Premium Waiting Period, we will waive the payment of premiums for this Policy and any riders attached to this Policy for as long as you continue to be so eligible for benefits. Premiums that have been paid for coverage that extends beyond the date you satisfy the Waiver of Premium Waiting Period will be held by us and applied to any premiums payable once you are no longer eligible for the Waiver of Premium Benefits. If you die while eligible for this benefit, the waived premiums held by us will be refunded to your estate. To continue to be eligible for the Waiver of Premium Benefits, you must receive care/assistance that is covered by this Policy at least 21 days per Calendar Month. If you receive care/assistance fewer than 21 days per Calendar Month, premiums will not be waived for that month. Begins on the first day of the month and ends on the last day of the month. You need to satisfy the Waiver of Premium Waiting Period only once during the lifetime of this Policy. If, after becoming eligible for the Waiver of Premium Benefit, you have one or more Calendar Months during which you did not receive at least 21 days of care/assistance that is covered by this Policy, premiums will again be waived beginning with the first of the month in which you resume receiving at least 21 days of care/assistance that is covered by this Policy. If you are receiving benefits under the Alternative Plan of Care Benefit, you will not be eligible for this Waiver of Premium Benefit. Number of days you must receive care/assistance that is covered by this Policy (even if subject to the Deductible Period), before renewal premiums will be waived. The Waiver of Premium Waiting Period is 90 days. If you notify us 10 or more days before care/assistance begins:
Waiver of Premium Benefit. This Benefit waives Your premiums after You have satisfied the Elimination Period and You are receiving benefits. If You have satisfied the Elimination Period and are receiving benefits under this Policy, We will waive any premium coming due beginning on the first day for which benefits are actually payable under this Policy and continuing until no benefits have been payable under this Policy for thirty (30) consecutive days. If Your premium payment mode is other than monthly We will change Your premium payment mode to monthly. If Your premium payment mode is other than monthly when You begin to actually receive benefits under this Policy, We will refund the portion of any premiums You have already paid which are attributable to coverage during the period for which benefits are payable. You must start paying premiums again beginning with premiums coming due on the first day after the first consecutive thirty-day period during which no benefits are payable under this Policy.
Waiver of Premium Benefit is an optional rider benefit which may be included in a Single Life Policy at the Start Date, and provides for the Company to waive the Policyholder’s obligation to pay premiums should a Life Assured become unable to work due to seriously illness or disability. This benefit is subject to additional premium.
13.3.1 results, directly and independently of all other causes, from bodily injury caused, while this benefit is in force, by an external and violent accident, and
13.3.2 occurs within 90 days of such accident, but
13.3.3 does not result from any Accidental Death Benefit exclusion.
Waiver of Premium Benefit. This plan contains a disability provision which enables you to continue your life insurance in force without further payment of premiums if you become totally disabled for at least consecutive months prior to age Coverage will continue until the earlier of your recovery, your retirement date or the date you reach age Satisfactory proof of disability must be provided months of the start of disability and when requested thereafter.
Waiver of Premium Benefit a benefit provided pursuant to a Policy wherein Farm Bureau agrees to relinquish its right to Policy Premiums in the event of the Policyowner's disability until such disability is ended.
Waiver of Premium Benefit. This Benefit waives Your premiums after You have satisfied the Elimination Period and You are receiving benefits. If You have satisfied the Elimination Period and are receiving benefits under this Policy, We will waive any premium coming due beginning on the first day for which benefits are actually payable under this Policy and continuing until no benefits have been payable under this Policy for 30 consecutive days. If Your premium payment mode is other than monthly, We will change Your premium payment mode to monthly. If Your premium payment mode is other than monthly when You begin to actually receive benefits under this Policy, We will refund the portion of any premiums You have already paid which are attributable to coverage during the period for which benefits are payable. You must start paying premiums again beginning with premiums coming due on the first day after the first consecutive thirty-day period during which no benefits are payable under this Policy. Contingent Nonforfeiture Benefit The Contingent Nonforfeiture Benefit will be triggered if You do not have the Optional Nonforfeiture Benefit Rider in force and if: • We increase the premium rates to a level which results in a cumulative increase of the annual premium equal to or exceeding the percentage of your initial annual premium set forth below based on Your issue age; and • This Policy lapses within 120 days of the due date of the premium so increased. Unless otherwise required, You shall be notified at least sixty (60) days prior to the due date of the premium reflecting the rate increase. Issue Age Percentage Increase Over Initial Premium Issue Age Percentage Increase Over Initial Premium 29 and Under 200% 72 36% 30 - 34 190% 73 34% 35 - 39 170% 74 32% 40 - 44 150% 75 30% 45 - 49 130% 76 28% 50 - 54 110% 77 26% 55 – 59 90% 78 24% 60 70% 79 22% 61 66% 80 20% 62 62% 81 19% 63 58% 82 18% 64 54% 83 17% 65 50% 84 16% 66 48% 85 15% 67 46% 86 14% 68 44% 87 13% 69 42% 88 12% 70 40% 89 11% 71 38% 90 and Over 10% On or before the effective date of a substantial premium increase which triggers the Contingent Nonforfeiture Benefit, we will: • Offer to reduce Policy Benefits provided by the current coverage without the requirement of additional underwriting so that required premium payments will not be increased; • Offer to convert the coverage to a paid-up status with a shortened benefit period. This option may be elected at any time during the 120-day period; and • Notify You that a default or la...
