[Answer] What does the payor benefit rider protect?

Answer: premium payments for a juvenile policy

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What does the payor benefit rider protect? What is payor benefit? definition and meaning Do You Need A Waiver Of Premium & Payor Riders? Living and Death Benefit Riders Definition Waiver Of Premium For Payer Benefit - investopedia.com The benefit will also protect the insured’s beneficiaries who may need the financial benefits from the policy to pay for housing college or other living expenses when the insured is gone. Keep... Payor Benefit Rider A rider may be added to the policy of a juvenile stating that if the payor (the one paying the premium) dies or becomes totally disabled prior to the juvenile’s reaching majority the subsequent premiums due are automatically waived. Wed Sep 28 2016 · For the policyholder the payor rider provides protection in the form of a lump sum payment to the beneficiary equal to the face amount of the rider . These riders usually cover the death of the policyholder but they can also include cover for total and permanent disability too. What does the payor benefit rider protect ? premium payments for a juvenile policy. Betty is the only beneficiary named on her husband Bob's policy which has a Common Disaster provision. They are in a car wreck and Bob dies instantly. Betty lives for 29 days. Who will receive the death ben...

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