The payor benefit rider is commonly used with juvenile life insurance.

• A. True
• B. False
• C. Only with term policies
• D. It doubles the death benefit

Answer: (A)

The payor benefit rider protects a life insurance policy on a minor by guaranteeing that premiums will be paid if the person who is paying them (usually a parent or guardian) dies or becomes disabled. In juvenile life insurance, the child is the insured, and the parent is typically the premium payer. If something happens to that payer, the rider steps in and the insurer covers the premiums, so the policy doesn’t lapse while the child is still covered. This is why the rider is commonly used with juvenile life—it preserves the protections in force for the child even if the paying adult can no longer pay.

This rider doesn’t increase the death benefit; its purpose is to ensure continued premium payments. It also doesn’t apply only to term policies; it’s often associated with permanent juvenile policies because they stay in force across many years. The rider generally continues until the child reaches a specified age or until the payor can resume or assume premium payments, depending on the policy terms.