Purchasing a waiver of premium rider is a good idea if you are concerned about your ability to maintain your life insurance coverage in the event you become disabled. A waiver of premium rider covers the premium costs so your life insurance policy doesn't lapse due to non-payment. You may wish to explore alternatives such as a disability insurance policy before you purchase a waiver of premium rider. A disability policy would provide income to pay for many of your bills if you become disabled, including life insurance premiums. A waiver of premium rider doesn't help cover any other costs, but instead simply ensures a loss of income due to disability doesn't make it impossible to remain insured. It is always a good idea to compare coverage and costs when shopping for any kind of insurance.