New York Accident & Health Insurance
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New York Accident & Health Insurance Exam 2025/ 2026 QUESTIONS AND CORRECT ANSWERS 
 
Waiver - answers-The voluntary abandonment of a known or legal right or advantage. 
 
Waiver of Cost - answers-A disability rider, found in Universal Life Insurance, that waives the cost of the insurance but does not waive the cost of premiums necessary to accumulate cash values. 
 
Waiver of Premium - answers-Continuation of life insurance coverage if the insured becomes totally disabled and is unable to pay ...