| 单词 |
waiver of premium for payer benefit |
| 释义 |
Waiver of Premium for Payer Benefit Waiver of Premium for Payer BenefitAn agreement between an insurance company and the payer on a policy allowing the policyholder not to pay premiums if he/she becomes disabled or dies. This is used if the policyholder is a child but an adult (such as a parent) actually pays the premiums. In general, one must pay a one-time fee for the insurer to include a waiver of premium clause in a policy. |
| 随便看 |
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