Which provision relieves life insurance premium payment for minors whose parents have died or become disabled?

The Payor Benefit provision is designed to ensure that if a minor's parent or guardian passes away or becomes disabled, the life insurance premiums for the policy are waived. This ensures that the insurance coverage remains intact without financial burden during a difficult period. This provision safeguards the insurance policy, allowing the minor to maintain the benefits under the policy despite the unfortunate circumstances affecting their parent or guardian.

While other options may include some type of premium waiving or special considerations for juvenile policies, the Payor Benefit specifically addresses the scenario of a parent's death or disability, making it uniquely applicable to the question. It not only provides coverage continuity but also emphasizes the protection of the insured minor's future financial security.