What condition must be met for the Disability Waiver of Cost of Insurance to take effect?

The Disability Waiver of Cost of Insurance typically takes effect when the insured experiences total disability lasting for at least six months. This requirement is designed to ensure that the policyholder is facing a significant and long-term inability to work due to a medical condition. The six-month duration serves as a threshold to validate that the disability is serious enough to warrant a waiver of costs associated with maintaining the insurance policy.

Policies often include such conditions to prevent the waiver from being triggered by short-term disabilities, encouraging the insured to remain engaged with their coverage. It underscores the importance of having a stable condition where the insured cannot perform their duties and needs some financial relief from premium payments. Thus, meeting this six-month mark is critical for the policyholder to benefit from the waiver.