Demo INSCE028FL15 -Life CE: Topic 2 - Lesson 2: Payor Rider - 13/18

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Demo INSCE028FL15 -Life CE: Topic 2 - Lesson 2: Payor Rider - 13/18 | OLT

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Topic 2 - Lesson 2

Payor Rider - 13/18

T2-L2-P13

Payor Rider

The Payor Rider is used when adults are buying policies for juveniles who are not capable of paying the premium.

The Payor Rider is a form of disability income, in that in the event that the payor should become disabled or die, the insurance purchased in the rider will pay the premium until the maturity of the juvenile, which might be age 21 or 25, depending on the policy.

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