What is the “Spouse Premium Waiver” in a Long-Term Care Insurance Policy? Spouse Premium Waiver = A provision in an insurance policy that relieves the insured and insured’s spouse/partner of paying the premiums while receiving benefits. Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ