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Can my life insurance claim be denied due to failure to submit a waiver of premium?
Whether failing to submit a waiver of premium is a basis for a denied life insurance claim would depend on the specific terms and conditions of the life insurance policy in question.
A waiver of premium is a provision in a life insurance policy that allows the policyholder to stop paying premiums if they become totally disabled and unable to work. The waiver of premium may be automatic, or the policyholder may need to apply for it and provide proof of disability.
If the policyholder fails to submit a waiver of premium form or provide proof of disability as required by the policy, the insurance company may consider the premiums to be in default and terminate the policy. If the policy lapses due to non-payment of premiums, the death benefit would not be payable.
However, if the policyholder has paid all required premiums and the policy is still in force at the time of their death, the failure to submit a waiver of premium form would not necessarily be a basis for denying the life insurance claim. The policy's terms and conditions would determine whether the waiver of premium provision is mandatory or optional and whether the failure to submit it would affect the death benefit payment.
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