What type of benefit waives premiums until a certain age?

The benefit that waives premiums until a certain age is referred to as a temporary benefit. This type of benefit is designed to provide coverage without the policyholder having to pay premiums for a specified period, which often lasts until a particular age or milestone is reached. This concept is frequently found in certain life insurance policies or riders that are structured to support policyholders during critical life stages, such as childhood or early adulthood.

For instance, if a policy includes a waiver of premium provision until the insured reaches the age of 21, the insurer will cover the insurance costs during that time, allowing the policyholder to maintain coverage without financial strain.

The other types of benefits, such as permanent, lifetime, or standard benefits, do not typically feature this specific premium waiver until a certain age, focusing instead on different attributes of coverage or duration without the same conditional premium payment structure.