Cost of Waiver

By |2013-09-23T16:04:05+00:00September 23rd, 2013|

Waiver of premium is a benefit available on qualified life insurance contracts that provides for the waiver or payment of premiums that fall due while the insured is totally disabled. Under a qualified retirement plan, contributions used to purchase waiver of premium benefits are taxable to the plan participant and must be included in gross income in the year in which they are paid.

 

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About the Author:

Bill Broich
Bill Broich is a well-known annuity expert with over 30 years of experience. He has written hundreds of articles on annuities and other financial topics, and has been a featured commentator on TV, Radio and the Internet.

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