| Waiver
of premiums Usually, if you stop paying the
premiums on any sort of term insurance policy, cover
stops too!
‘Waiver of premiums’ –
for which you may have to pay extra – ensures
that cover continues, even if you can’t afford
the premiums because you have stopped earning as a result
of illness or disability. This is a useful extra safeguard,
although normally it comes into effect only after you
have been disabled for three to six months.
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