What is the name of the rider that ensures premiums will be paid on a juvenile policy until the child reaches a specific age?

The payor rider is designed specifically for juvenile life insurance policies to ensure that if the payor (usually a parent or guardian) dies or becomes disabled, the premiums on the juvenile policy will be waived until the child reaches a certain age. This rider provides financial security for the child's insurance coverage without imposing a financial burden on the family in the event of such circumstances. The primary intent is to keep the policy active, ensuring that the child’s insurance remains in force, safeguarding their future insurability and benefits.

In contrast, other riders serve different purposes. For example, a conversion rider allows the policyholder to convert a term policy to a permanent one without proving insurability, while a waiver of premium rider suspends premium payments in case of the policyholder’s disability. The accelerated benefit rider, on the other hand, allows for early access to a death benefit in the case of terminal illness. None of these options directly address the need to maintain premium payments specifically for a juvenile policy, highlighting the unique role of the payor rider in this context.