LTC waiver of premium is the formal policy provision that stops premium payments once an insured on a long term care contract has satisfied the claim trigger and any applicable waiting period. It is closely related to the idea of LTC premium waiver but typically has detailed contractual language about when waiver begins, whether it applies to all insureds on a joint policy, and what happens if the insured recovers. While waiver is active, coverage continues in force without further payment, reducing financial pressure during expensive care periods.

In practical terms, advisors point out LTC waiver of premium when reviewing policy features so clients understand that they will not be asked to keep paying indefinitely while also funding substantial care costs. They clarify whether waiver starts on the date of eligibility, after the elimination period, or after the first paid benefit. For couples, advisors verify whether both spouses receive waiver when one is on claim or only the insured receiving benefits. During claims, they help families confirm that automatic premium drafts have stopped and that no additional payments are needed unless the insured later recovers. If recovery occurs and waiver ends, advisors prepare clients for premiums to resume. By emphasizing LTC waiver of premium details, producers reinforce that policies are designed with real world caregiving and cash flow in mind, making the coverage more sustainable and client friendly at the moment it matters most.