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AlekseyPX
3 years ago
10

Which of the following riders provides for a waiver of premium when the policyowner and the insured are NOT the same person?

Social Studies
1 answer:
Tresset [83]3 years ago
7 0

<u>Answer:</u>

The Payor Benefit is the rider that provides for a waiver of premium when the policy owner and the insured person are not the same person.

<u>Explanation:</u>

  • When the owner of the policy becomes disabled, the policy provider offers the policy owner the Payor Benefit. The Payor Benefit is a rider that allows the policy owner to have the concession of waived premium for he had chosen to ensure someone else through the policy provider.
  • This benefit comes as a goodwill gesture done by the policy provider to help the policy owner in the time of crisis.

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