Waiver Of Cost Insurance Rider. The waiver of premium rider is typically available to life insurance applicants between the ages of 18 and 60 and will generally terminate by age 65. It typically adds up to an extra 5% to 10% cost on top of your existing premium.
The reason for 65 as the. Not only is the waiver of premium disability insurance for your life insurance, but it also ensures you peace of mind. Each life insurance company will have.