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Exam term

Waiver of monthly deduction / cost of insurance

The universal life equivalent of a waiver of premium rider, waiving the monthly cost-of-insurance deduction while the insured is disabled.

Lessons that use this term

  • Waiver, guaranteed-insurability, payor, and accidental-death riders Florida
  • Return-of-premium, disability, and cost-of-living riders Florida
  • Waiver, guaranteed-insurability, payor, and accidental-death riders Texas

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