Understanding the Life Insurance Waiver of Premium Rider

How to file a claim

Here’s how to typically file a claim to take advantage of your waiver of premium rider:

• Check policy documents: First, verify that your circumstances qualify for the waiver of premium rider.
• Gather claim documents: Collect documents to prove you qualify, such as a physician’s statement and a disability confirmation from the Social Security Administration.
• Contact the insurance company: Inform your insurer about your circumstances.
• Complete and submit claim forms: Fill out the waiver of premium rider claim forms accurately and completely. Double-check that everything is correct to avoid delays or denials. Submit copies of your documentation as well.
• Follow up: Follow up with the insurer every few days if you don’t hear back from them right away.
• Pay premiums during the waiting period: Pay your premiums until the waiver of premium rider kicks in.
• Maintain communication: When necessary, continue communicating with the insurer regarding the waiver and your circumstances, especially if anything changes.

Should I get a waiver of premium rider?

Waiver of premium riders can make sense for several scenarios:

• You are concerned about your health history: If you have a personal or family health history that you believe may increase the chance of disability or illness, such as a pre-existing condition, a waiver of premium rider can be useful.


• You’re the sole provider: If you and your family rely solely on your income, this rider can help ensure they don’t lose life insurance coverage if you can’t work for a period of time.


• Your job or hobbies are high-risk: Those who work in a high-risk field (such as law enforcement or construction) or engage in risky hobbies (such as skydiving or aviation) can benefit from a waiver of premium rider if they experience an accident that injures or disables them.


• You want added peace of mind: If you simply want an extra layer of protection for your life insurance coverage, a waiver of premium rider can help offer you peace of mind.

When in doubt, it may be wise to contact an insurance agent. They can help you determine if a waiver of premium rider is right for you and find a policy that suits your needs and budget.

Aflac offers life insurance riders

You work hard to earn the income necessary to pay for the life insurance coverage your loved ones need. A waiver of premium rider can help offer extra coverage by waiving premiums in case an illness, injury, or disability leaves you unable to work. There are limitations and exclusions, and coverage is not guaranteed.

Fortunately, these riders come at a cost that fits most budgets. An additional amount per month may be worth the added peace of mind, especially when you’re the sole provider or have a higher chance of experiencing qualifying circumstances.

A waiver of premium rider is just one of many types of riders Aflac life insurance policies may offer. Speak with an agent today to explore policy and rider options and get a quote on coverage customized to your needs.

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