Which rider waives premiums if the insured becomes disabled?

• A. Spousal rider
• B. Cost-of-living rider
• C. Waiver of premium rider
• D. Accidental death rider

Answer: (C)

A waiver of premium rider is designed to keep the policy in force when the insured becomes totally disabled and cannot work. Once the disability meets the policy’s definition (often with a waiting period), the insurance company starts paying or waiving future premiums, so the insured doesn’t have to pay them while disabled. The coverage typically continues until the disability ends, the insured reaches a specified age, or the policy mature terms are met, and the death benefit and any cash value remain intact. This rider specifically addresses premium payments during disability, which is why it’s the correct choice. Other riders serve different purposes—spousal coverage, benefits that increase with inflation, or extra benefits for accidental death—not premium waivers.