Illinois Health Insurance Practice Exam 2025 – All-in-One Guide to Master Your Health Insurance Certification!

Question: 1 / 400

What does the Waiver of Premium Rider do in health insurance?

Increases the premium charges

Provides additional insurance coverage

Waives premiums during disability after a specified period

The Waiver of Premium Rider is designed to protect policyholders who find themselves unable to work due to a disability. This rider essentially allows the insured to keep their health insurance coverage active without having to pay premiums while they are disabled, provided that they meet the criteria and the specified waiting period has passed. This means that if a policyholder becomes disabled and is unable to continue making premium payments, the insurance company will waive those payments for as long as the disability lasts, ensuring that essential coverage remains in place during a challenging time.

This rider is particularly valuable as it provides financial relief to those who might be struggling with the costs associated with their medical treatment while also facing loss of income due to their condition.

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Guarantees insurability without premiums

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