Waiver Of Premium For Payer Benefit

Waiver Of Premium For Payer Benefit,

How Do You Define Waiver Of Premium For Payer Benefit?

  1. The premium waiver from the payer clause in the insurance policy means that the insurance company does not, in certain circumstances, have to pay insurance premiums to maintain the plan. Most of the time, this condition is the death or disability of the person who pays the insurance premium.

    • The basic discount rate is low for payers and most policyholders should seriously consider including it in their coverage, if it is not in their policy.
    • In order for a payer to benefit from a premium discount, some companies may have to meet certain policyholder requirements, for example, in good health or at a young age.
    • The disadvantage of this type of insurance for drivers is that they significantly increase their life insurance premiums.

Literal Meanings of Waiver Of Premium For Payer Benefit

Waiver:

Synonyms of Waiver

abdication, refusal, disaffirmation, renunciation, surrender, deferral, disavowal, rejection, dispensation, relinquishment, repudiation, abandonment

Of:

Meanings of Of:
  1. Represents the relationship between two entities, usually one of an association.

  2. Express the relationship between a general type or type and the specific items that fall into this category.

Synonyms of Of

made by, in, of, from, caused by, by, done by, carried out by

Premium:

Meanings of Premium:
  1. Amount paid for an insurance policy.

Sentences of Premium
  1. If the calculations are correct, the income of the pensionable worker will have to be paid by the insurance company to the insurance company for equal rights in addition to his salary.

Synonyms of Premium

bonus, extra amount, instalment, recompense, additional fee, percentage, regular payment, surcharge, reward, prize, insurance payment, extra, perk, insurance charge, additional payment, remuneration, extra charge

For:

Meanings of For:
  1. For (or for a person or policy)

  2. To be affected

  3. (For or for the benefit of) something or something

  4. (Above) as a goal or task.

  5. Explain the reason.

  6. (Name space) as destination

  7. Representation (dhikr)

  8. In return for (something)

  9. Compared to the expected quality of (some)

  10. Indication period (duration)

  11. Extension signal (distance)

  12. Indication of successive events.

  13. Because since then.

Sentences of For
  1. Voted in the independence referendum

  2. He is responsible for the smooth running of his department

  3. This old man does not represent everyone

  4. Tools you need to frame

  5. Eileen is proud of her family for their support.

  6. You will go to Swimsuit tomorrow

  7. The letter "F" is interesting

  8. Exchange these two bottles for this

  9. He is taller than his age

Synonyms of For

on the side of, as a tribute to, approving of, end, seeing as, encouraging of, purpose, goal, right behind, since, giving support to, in view of the fact that, owing to the fact that, reason, objective, pro, aim, for, as a mark of respect to, all for

Payer:

Meanings of Payer:
  1. The person or organization that pays someone for work that is completed, property, or debt.

Sentences of Payer
  1. This sector is the largest contributor to corporate tax

Benefit:

Meanings of Benefit:
  1. Public performances or other entertainment whose proceeds will be donated to some charitable cause.

  2. Get performance benefits.

Sentences of Benefit
  1. The social season is in full swing with dance for early and charitable performances

Synonyms of Benefit

enjoyment, sake, advantage, make money, social security payments, convenience, gain, well-being, pension, unemployment benefit, good, satisfaction, welfare, government benefit, sick pay, state benefit, insurance money, public assistance allowance, benefit payments, reap benefits, reap financial reward, profit