What Happens To My Life Insurance Coverage If I Should Become Disabled And Cannot Pay the Premiums in Bloomington Indiana

Dorthea has lived in Bloomington, Indiana for 15 years and she wanted to know “What happens to my life insurance coverage if I should become disabled and cannot pay the premiums?”

Bloomington is a city in south central Indiana. Bloomington has been named a Tree City for more than 20 years. Bloomington is also famous for its rock quarries feature in “Breaking Away” movie which residents use as swimming holes.

Dorthea, if you are under the age of 60 and are permanently and totally disabled, you may apply for a waiver of your monthly life insurance premium for your life insurance coverage. You must apply for the waiver of life insurance premium within 24 hours of the onset of disability. For a premium waiver application, call your insurance company. Keep in mind that you must continue to pay the monthly life insurance premium until the waiver is approved.