How does the payor benefit rider function in juvenile policies?

The payor benefit rider is specifically designed to protect juvenile life insurance policies by ensuring that the coverage remains in force even if the adult responsible for paying the premiums (typically a parent or guardian) becomes unable to do so due to disability or death. When the payor dies or becomes disabled, the rider waives the premiums for the policy, allowing the juvenile to maintain their coverage without requiring the adult payor to continue making payments.

This rider adds an important layer of security for juvenile policies, as it ensures the child’s insurance remains active despite changes in the adult's ability to manage financial responsibilities.

Other options that describe different functions, such as paying premiums until adulthood, automatically converting the policy, or providing a lump sum payment, do not reflect the true purpose of the payor benefit rider. The rider focuses exclusively on waiving premiums in the case of the adult payor's disability or death, which highlights its protective role for juvenile policyholders.