Waiver of Premium

Waiver of premium, is optional at an additional cost and must be chosen at the start of the policy.

Waiver of premium means your client's won't have to pay their premiums after 26 weeks if they are incapacitated due to illness or injury and are unable to do their normal job. The following criteria apply:

  • They must be accepted without an additional premium or exclusion added
  • All premiums must be paid to date.
  • Must be selected at the start of their policy and before their 55th birthday.

We’ll waive premiums after 26 weeks of incapacity and will continue to do so until the life insured:

  • No longer fulfils the definition of incapacity, or 
  • Payment of the amount of cover, or 
  • The policy term ends, whichever occurs first (or for Whole of Life Protection Plans this will end at age 60.

Definitions of incapacity

How we define incapacity depends on the client’s occupation and the product they have.

For own occupation

The life insured is totally incapable of carrying out their normal occupation by reason of an illness or injury which occurred after the policy start date, necessitating medical or surgical treatment and is not carrying out any other occupation or in paid employment.

For housepersons and those not in paid employment

If the life insured is not in paid employment and they are unable to do three or more of the following Specified Work Tasks as a direct result of an illness or injury which, occurred after the policy start date:

The Specified Work Tasks are:

  • Walking - The ability to walk more than 200 metres on a level surface.
  • Climbing - The ability to climb up a flight of 12 stairs and down again, using the handrail if needed.
  • Lifting - The ability to pick up an object weighing 2kg at table height and hold for 60 seconds before replacing the object on the table.
  • Bending - The ability to bend or kneel to touch the floor and straighten up again.
  • Getting in and out of a car - The ability to get into a standard saloon car, and out again.
  • Writing - The manual dexterity to write legibly using a pen or pencil, or type using a desktop personal computer keyboard.
    The life insured may be required to have a medical examination by an appropriate medical specialist appointed by Legal & General regardless of the incapacity definition applied at claim.

For Whole of Life Protection Plan

If the life insured is not in paid employment and they are unable to do three or more of the following Functional Assessment Tests (FATs) as a direct result of an illness or injury which, occurred after the policy start date.

The Functional Assessment Tests (FATs) are:

  • Walking - The ability to walk a distance of 200 metres on flat ground with or without the aid of a walking stick and without stopping or experiencing discomfort.
  • Bending - The ability to get into or out of a standard saloon car and the ability to bend or kneel to pick up an object from the floor and straighten up again.
  • Communicating - the ability to answer a telephone and to take a message.
  • Reading - Having the required eyesight (corrected if necessary) to be able to read a daily newspaper.
  • Writing - The physical ability to write legibly using a pen or a pencil without aid.
  • Climbing - The ability to climb up a flight of 12 stairs without stopping or suffering severe discomfort.

For Income Protection Benefit

Premiums will be waived for the duration of a valid claim whilst the monthly benefit is being paid; after your client's deferred period has ended.

This option must be chosen at outset for all our protection products but is included automatically for Income Protection Benefit.