Common use of Waiver of Premiums Clause in Contracts

Waiver of Premiums. Insurance for participants, and any dependents, who become disabled before the effective date of retirement is maintained in force without payment of premiums for as long as the disability lasts, provided the contract remains in force and the disabled participant has not reached age 65. Waiver of premiums applies after expiry of a 52-week period following the start of disability.

Waiver of Premiums. Insurance for participants, participants (and any dependents, ) who become disabled before the effective date of retirement is maintained in force without payment of premiums for as long as the disability lasts, provided the contract remains in force and the disabled participant has not reached age 65. Waiver of premiums applies after expiry of a 52-week period following the start of disability.

Waiver of Premiums. ‌ Insurance for participants, and any dependents, who become disabled before the effective date of retirement is maintained in force without payment of premiums for as long as the disability lasts, provided the contract remains in force and the disabled participant has not reached age 65. Waiver of premiums applies after expiry of a 52-week period following the start of disability.