If a child becomes disabled, what happens regarding the Payor Provision on the policy?

The Payor Provision in a life insurance policy is designed to protect the policy's premium payments in the event that the person responsible for paying the premiums becomes incapacitated or disabled. When a child becomes disabled, the Payor Provision specifically allows for the continuation of coverage without further payments being required from the premium payer, typically the parent or guardian. This means that the insurance company will cover the premium payments, ensuring that the policy remains in force and the coverage for the child continues.

This feature is particularly valuable as it alleviates the financial burden from the premium payer at a time when they may have increased expenses related to the child's disability. Therefore, the correct understanding of the Payor Provision is that it provides coverage for the premium payer, ensuring that the policy stays active during a critical period when the insured child needs it most.