Which rider assures the premiums will be paid on a juvenile policy until the insured child reaches a specific age?

Rationale

Payor rider.

The payor rider is specifically designed to ensure that premiums on a juvenile policy are paid if the policyholder (often a parent or guardian) becomes unable to pay due to specific circumstances such as death or disability, until the insured child reaches a designated age.

A (Guaranteed insurability rider.) YOUR ANSWER

This rider allows the insured to purchase additional coverage at specified future dates without having to provide evidence of insurability. It does not address premium payments and does not guarantee that premiums will be paid on behalf of the juvenile insured.

B (Payor rider.) CORRECT

As mentioned, the payor rider provides a safety net by ensuring that premiums are covered if the payor becomes incapacitated or passes away, effectively maintaining the policy until the child reaches a certain age. This is the only option that guarantees premium payment under these circumstances.

C (Waiver of premium rider.) YOUR ANSWER

The waiver of premium rider allows the policyholder to skip premium payments if they become disabled, but it applies to the policyholder rather than specifically assuring payments for a juvenile policy. This rider does not directly ensure premiums will be paid until the juvenile reaches a certain age.

D (Automatic premium loan rider.) YOUR ANSWER

This rider automatically borrows against the policy's cash value to cover unpaid premiums, preventing policy lapse. However, it does not guarantee that premiums will be paid by the payor; it merely defers payment by utilizing the policy's own funds.

Conclusion

The payor rider is the essential feature that ensures premiums are maintained on a juvenile policy until the insured child reaches a predetermined age, providing financial security for the policy. Other riders listed either serve different purposes—such as insurability, premium waivers, or loans—or do not specifically address the juvenile policy context, making the payor rider the most relevant answer.

Which rider assures the premiums will be paid on a juvenile policy until the insured child reaches a specific age?

Payor rider.

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