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Which of the following statements is CORRECT about a Waiver of Premium provision in a Disability Income policy?

It allows the insurer to deduct premiums due from the disabled insured's benefit payments.
It allows the insurer to increase the amount of premium during the insured's time of disability.

It allows the insured to extend the length of the Grace Period while disabled.
It allows the insured to maintain a policy in force while disabled and unable to pay premiums.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (D)
It allows the insured to maintain a policy in force while disabled and unable to pay premiums.

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