Waiver of Premium is an option that can be added to your Life/Mortgage Assurance to protect your policy premiums.
This additional cover means that your insurer will take over your monthly policy payments 26 weeks after you become unable to work through an illness or accident. So for periods of long disability or illness, your cover will continue. When you are deemed fit to return to work, you will be responsible for paying the premiums again to continue your cover.
This service is provided and administered by Legal & General Assurance Society Limited, who are authorised and regulated by the Financial Services Authority.