A snapshot of our Waiver of Premium (Sickness)

Why should your clients take out Waiver of Premium (Sickness) with their plan?

How would your clients pay their premiums if they were injured or too ill to work? Our Waiver of Premium (Sickness) reassures your clients that their premiums would continue to be paid.

What is Waiver of Premium (Sickness)?

Our Waiver of Premium (Sickness) covers your clients' premiums should they become ill or injured and meet our definition of incapacitated. Or if they're diagnosed with a terminal illness that meets our definition.

Client benefits - Waiver of Premium (Sickness)

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  • Extra reassurance - your clients' premiums are covered if they can't work because of illness or injury and meet our definition of incapacitated; or if they're diagnosed with a terminal illness and have less than 12 months to live.
  • Choice - we'll start paying your clients' premiums a certain number of weeks after they become ill. They can choose the length of this deferred period - 4, 8, 13, 26, or 52 weeks. If their circumstances change, your clients can usually change the deferred period.
  • Accelerated claims for terminal illness - If your clients are diagnosed with a terminal illness that meets our definition, they won't need to wait for their deferred period to end before we start paying their premiums. 
  • Automatic inclusion - Waiver of Premium (Sickness) is automatically included when your clients take out our Income Protection.

Want more information?

See all the features of our Waiver of Premium (Sickness)

Last updated: 21 Apr 2017

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.