Massachusetts Health & Accident Insurance Practice Exam

At what age does the Waiver of Premium Rider not extend past in health policies?

1. 70 years

2. 75 years

3. 60 years

4. 65 years

The correct answer is: 65 years

The Waiver of Premium Rider is a provision in health insurance policies that allows the policyholder to stop paying premiums without losing coverage if they become disabled. This benefit typically has age limitations, meaning the waiver will no longer apply after the policyholder reaches a specific age. The correct age at which the Waiver of Premium Rider does not extend past is 65 years. This limitation is generally standard across many insurance carriers, as it is designed to balance the insurer's risk with the increased likelihood of health issues as individuals age. After the age of 65, policyholders are usually expected to resume premium payments, regardless of their health status or any disabilities they may have. Understanding this term is crucial for policyholders as they evaluate their long-term financial planning and coverage options, especially as they approach retirement age. The other age options provided generally extend beyond what is typically found in common insurance policies, making them less applicable in this context.