Common use of Waiver of Premium Benefit Clause in Contracts

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.

Appears in 6 contracts

Samples: www.insurance.ca.gov, www.insurance.ca.gov, www.insurance.ca.gov

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