Common use of Waiver of Premium Clause in Contracts

Waiver of Premium. If a protected person becomes totally disabled, payment of premiums is required for the duration of the Elimination Period. Thereafter, premium payments shall be waived for the protected person for the duration of the period during which this person is totally disabled and receiving benefits under this policy. If the protected person returns to active full-time employment at the end of the period of disability, premium payments will again become due on the first day of the policy month following the date of her/his return to work.

Waiver of Premium. If a protected person becomes totally disableddisable, payment of premiums is required for the duration of the Elimination Period. Thereafter, premium payments shall will be waived for the protected person for the duration of the period during which this person is totally total disabled and receiving benefits under this policy. If the protected person returns to active full-time employment at the end of the period of disability, premium payments will again become due on the first day of the policy month following the date of her/his their return to work.