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

法律翻译Daniel，毕业于英国一流的翻译学院，专注翻译各类与海商海事有关的法律文件。