What benefit does the Payor clause provide on a Juvenile Life policy?

The Payor clause in a Juvenile Life policy is designed specifically to protect the insurance coverage for the juvenile insured in the event that the payor, usually a parent or guardian, becomes disabled. When this clause is included, it allows for the premiums to be waived, meaning that if the payor is unable to work due to a disability, they will not be required to continue making premium payments. This ensures that the policy remains active and that the juvenile remains covered despite the financial hardship that may arise from the payor’s disability.

This feature is crucial because it prevents the lapse of coverage during a vulnerable time when the payor is unable to provide for the policy financially. This support helps in maintaining the insurance protection that can be essential for the juvenile’s future.

The other options do not accurately reflect the main benefit of the Payor clause; for instance, it does not involve increasing premiums or doubling benefits, nor does it allow the payor to convert the policy. The focus is solely on waiving premiums if the payor is disabled, which is what makes option B the correct answer.