---
title: "What Is Waiver of Premium Rider? Definition | Epic Life Glossary"
description: "A waiver of premium rider is an add-on that stops premium payments on a life insurance policy if the insured becomes disabled or has a covered illness,..."
url: https://epicline.preview.multisites.ai/glossary/waiver-of-premium-rider
publisher: Epic Life Group
apply: https://epicline.preview.multisites.ai/apply
quote: https://epicline.preview.multisites.ai/get-a-quote
---

Riders

# Waiver of Premium Rider

A waiver of premium rider is an add-on that stops premium payments on a life insurance policy if the insured becomes disabled or has a covered illness, while the coverage stays in force.

## Why it matters

This rider protects the policy from lapsing when income stops. Carriers usually require a waiting period, such as six months of disability, before premiums are waived. The definition of disability differs by carrier, and some riders end at a certain age. The rider adds to the cost of the policy. It can matter most for permanent policies that a family wants to keep for life. Ask how the disability is defined and when benefits stop.

Source: [iii.org](https://www.iii.org/article/8-smart-steps-for-buying-life-insurance)

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