What does a waiver of premium rider do?

• A. Pays double the premium.
• B. Increases the death benefit.
• C. Provides extra coverage only during disability.
• D. Waives premiums if total disability occurs.

Answer: (D)

A waiver of premium rider is designed to protect your policy from lapsing when you can’t work. If you become totally disabled, the rider waives your future premiums—often after a waiting period—so the policy stays in force without you paying. The death benefit and any existing cash value generally remain unchanged, and you resume paying if you recover or once the rider ends per the policy terms. This isn’t about paying more money or adding new coverage; it also isn’t a disability income feature that pays a monthly amount during disability. If you need extra help during disability, that would be a separate disability income rider, not the waiver of premium.