Home > Glossary

Payer Death Rider

Payer Death Rider

Definition

Payer Death Rider — a life insurance policy rider that is used when the premium for the policy is being paid by someone other than the insured that provides that, in the event of death of the payer, the policy premiums will be waived for the remainder of the premium paying period. Also known as the death waiver or payer benefit.

Related Products

User ID: Subscriber Status:Free