Paying a little extra for Waiver of Premium on top of your usual life insurance premium means that if you are unable to work due to an accident or illness, your premiums will be paid by the Insurer for a set period.
For most people, if you have less income than usual, one of the first things to cancel or miss payments on is your life covers.
However, your life cover will simply end if you miss payments, so Waiver of Premium would be helpful to have.
