Advantage Elite Term: Waiver of Premium Agreement

No premiums to pay if you become disabled

When disability strikes, it can turn your world upside down. With Advantage Term’s Waiver of Premium Agreement, you don’t have to worry about paying your life insurance premiums if you become disabled as defined in your policy — Minnesota Life pays them for you.

  • Help assure that life insurance protection will continue despite disability.
  • Available at an additional premium.
  • Issue age: 16-55 years old.
  • Provides for the waiver of premiums if the insured person becomes totally and permanently disabled.
  • Premiums waived until the policy anniversary nearest the insured person's 60th birthday.
  • Coverage automatically converts to a whole life policy for permanent coverage at age 60.

 

 
           
© 1999-2010 Minnesota Life Insurance Company. All rights reserved. F. 54751 6-2002