A mother with a teenage son purchases a life policy on his life. The policy includes an optional rider called the Payor Benefit. What will happen to the policy if the mother dies or is disabled before her son reaches age of majority?

A mother with a teenage son purchases a life policy on his life. The policy includes an optional rider called the Payor Benefit. What will happen to the policy if the mother dies or is disabled before her son reaches age of majority?


A

The premiums would be suspended and later paid back by the son

B

The premiums on the son's policy would be waived until the son reaches a specified age

C

The amount of coverage is reduced as the policy is paid up

D

The policy would pay out a modest lump sum to the beneficiary



Answer: B

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