Which rider provides for an owner other than the insured to benefit financially from a policy?

The payor benefit rider is designed to ensure that premiums on a life insurance policy will continue to be paid in the event that the owner of the policy becomes unable to do so due to a specified circumstance, such as disability. This rider is particularly useful when the policy's owner is someone other than the insured, often a parent or a business partner. In such cases, if the owner cannot pay the premiums, the policy remains in force, ensuring that the insured's coverage is protected, which ultimately provides financial benefits to the insured's beneficiaries.

This rider highlights the unique aspect of allowing someone other than the insured to influence or impact the financial outcomes of the policy, as it facilitates continued coverage despite the owner's inability to pay premiums, ensuring that the insured remains protected for the benefit of their dependents or other stakeholders.