Which life insurance is normally associated with a Payor Benefit rider?

• A. Term life
• B. Whole life
• C. Universal life
• D. Juvenile insurance

Answer: (D)

The Payor Benefit rider is designed to protect a life policy when the person paying the premiums can no longer do so, which is typically a parent paying for a policy on a child. It waives or covers premium payments if the payor becomes disabled or dies, keeping the coverage in force until the child is old enough to take over. Because this rider specifically protects premiums on a policy issued for a minor, juvenile life insurance is the natural fit. While term, whole, or universal life policies can carry riders, the Payor Benefit is most commonly associated with juvenile insurance, where the insured is a child and the payor is a parent.