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AMERICAN INCOME LIFE INSURANCE COMPANY P.O.BOX 2608 WACO, TEXAS 76702 www.ailife.com LAYOFF WAIVER OF PREMIUM CLAIM FORM If you have been regularly employed within the same industry for 12 consecutive

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How to fill out lay-off waiver of premium

01

Contact your insurance provider to inquire about the lay-off waiver of premium option.

02

Fill out the necessary forms provided by your insurance company, ensuring all required information is accurately filled in.

03

Provide any supporting documentation requested by the insurance company, such as proof of lay-off or unemployment.

04

Submit the completed forms and documents to the insurance company for review and processing.

05

Wait for confirmation from the insurance company that the lay-off waiver of premium has been approved and added to your policy.

Who needs lay-off waiver of premium?

01

Individuals who have been laid off from their job and want to maintain their life insurance coverage without having to pay premiums during their lay-off period.

02

Those who want to ensure that their life insurance policy remains in force even if they are temporarily unable to pay premiums due to a lay-off.

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What is lay-off waiver of premium?

Lay-off waiver of premium is a provision in an insurance policy that allows the insured to stop paying premiums during a period of unemployment.

Who is required to file lay-off waiver of premium?

The insured individual who has become unemployed and is unable to pay premiums is required to file for lay-off waiver of premium.

How to fill out lay-off waiver of premium?

To fill out a lay-off waiver of premium, the insured must contact their insurance company, provide proof of unemployment, and complete the necessary forms.

What is the purpose of lay-off waiver of premium?

The purpose of lay-off waiver of premium is to provide financial relief to individuals who have lost their jobs and are unable to make premium payments.

What information must be reported on lay-off waiver of premium?

The insured must report their unemployment status, provide any required documentation from their employer, and fill out the necessary forms provided by the insurance company.

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