A payor rider is designed to

• A. waive premiums after the child reaches age 25
• B. assure premiums will be paid on a juvenile policy until the child reaches a specific age
• C. guarantee the policy will never lapse
• D. increase the death benefit if the payer dies

Answer: (B)

A payor rider is a protection for juvenile life insurance that ensures premiums will be paid if the person who is paying them (typically a parent or guardian) dies or becomes disabled. This rider keeps the policy in force for the child by taking over premium payments until the child reaches a specified age, after which the policy is expected to become paid-up or the payer roles shift to the insured when they’re old enough. That’s why the core idea is that premiums will be paid on the juvenile policy until the child reaches a designated age.

It doesn’t mean premiums are waived after the child turns 25, nor does it guarantee the policy can never lapse in all circumstances, and it does not automatically increase the death benefit when the payer dies.