What is the primary purpose of a waiver of premium provision in health insurance?

What is the primary purpose of a waiver of premium provision in health insurance?

• A. To allow for premium adjustments
• B. To maintain policy benefits during disability
• C. To increase policy limits
• D. To enhance coverage options

Answer: (B)

The primary purpose of a waiver of premium provision in health insurance is to maintain policy benefits during periods of disability. This provision allows the policyholder to suspend their premium payments without losing coverage if they are unable to work due to a qualifying disability. Essentially, it protects the insurer's and policyholder's interests by ensuring that the policy remains active and that the covered individual continues to receive benefits despite being unable to make premium payments due to their disability. This feature is particularly important as it provides financial relief and security, allowing individuals who are incapacitated to focus on their recovery without the added worry of maintaining their insurance coverage.

The primary purpose of a waiver of premium provision in health insurance is to maintain policy benefits during periods of disability. This provision allows the policyholder to suspend their premium payments without losing coverage if they are unable to work due to a qualifying disability. Essentially, it protects the insurer's and policyholder's interests by ensuring that the policy remains active and that the covered individual continues to receive benefits despite being unable to make premium payments due to their disability.

This feature is particularly important as it provides financial relief and security, allowing individuals who are incapacitated to focus on their recovery without the added worry of maintaining their insurance coverage.