What must an insured do to qualify for a waiver of premium benefit?

To qualify for a waiver of premium benefit, an insured must be disabled for a specified period of time. This benefit is structured to assist policyholders who are unable to work due to disability, allowing them to continue their insurance coverage without being required to pay premiums while they are incapacitated.

This provision is designed to offer financial protection during times of considerable hardship, ensuring that a person's life insurance or health insurance coverage remains intact even when they cannot contribute toward it due to their disabilities. The specified period of disability defines the duration the insured must be unable to work before the waiver takes effect, serving as a safeguard for insurers while providing necessary support for insured individuals during challenging health situations.

The other options do not accurately represent the requirements for a waiver of premium. Factors such as age or a specific diagnosis might relate to other insurance benefits but do not align with the primary criteria needed to qualify for this particular benefit.