disability clause

disability clause. Insurance. A life-insurance-policy provision providing for a waiver of premiums during the policyholder’s period of disability, and sometimes providing for monthly payments equal to a percentage of the policy’s face value. [Cases: Insurance 2035. C.J.S. Insurance §§ 452–453, 556, 732–733, 773, 817, 832–833.]

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词条贡献者

资深译员Laura，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与美国公司法规有关的法律文件。