Waiver of premiums
Continued savings towards retirement
You take care of your employee
No reduction in death benefit coverage
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What is waiver of premiums insurance?
If your staff members are off on long-term incapacity leave, they forfeit the right to their group insurance benefits. The main downsides are that their loved ones can no longer claim any death benefits if they pass away during their sick leave, and they stop saving towards their supplementary pension as you, their employer, no longer have to pay their group insurance premiums.
But with waiver of premiums coverage, their supplementary pension nest egg will continue to grow, and any death benefits they’ve set aside for their beneficiaries will remain intact.
Do you have a question?
Contact one of our sales managers