Waiver of Premium

[VolAgent]

I know some of the WL companies will even pay the PUA's, or a portion of them.

Curious.....how does WOP work on IUL's? I assume the cost increases, along with the premiums?

It would depend on the wavier used. You could use waiver of expenses or waiver of stipulated premium. I might have the names slightly wrong.

Waiver of expenses waives all expenses required to have the policy in force, COI, administrative fees, etc. The cash value is left alone and grows as it otherwise would in the policy.

Wavier of stipulated premium basically pays a stated amount of premium to the policy each month. I believe all fees and such continue on as normal. So if the premium was enough to make the cash value grow, it would continue to grow.