DISABILITY CLAUSE

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 ¡ì¡ì 452¨C453, 556, 732¨C733, 773, 817, 832¨C833.]
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.