FLA Health, Life And Annuity Practice Exam

A waiver of premium provision may be included with which kind of policy?

Life Insurance Health Insurance Disability Income Annuity

Correct Answer:

Disability Income

Explanation:

The key idea is that a waiver of premium is a built→in protection that lets you skip premium payments if you become totally disabled, so the policy won’t lapse just because you can’t work. This makes it a natural fit for disability income policies. Those policies are designed to replace lost earnings during a disability, so it aligns perfectly to also waive premiums during that same period. In other words, you don’t have to worry about losing coverage when your ability to earn an income is impaired—the policy remains in force while you receive benefits. That seamless protection during disability is why the waiver of premium is most appropriately included with disability income coverage.

Access more questions from this quiz

Continue to FLA Health, Life and Annuity Practice Exam for more practice questions and the full quiz experience.

Access More Questions