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Which of the following provisions guarantees that premiums will be waived if a Juvenile Life policy owner becomes disabled?
A. Family Maintenance clause B. Payor clause C. Assignment provision D. Automatic Premium Loan provision
The Payor clause guarantees premium waiver if the policyowner becomes disabled in a Juvenile Life policy.
Explanation:
Payor clause guarantees that premiums will be waived if a Juvenile Life policyowner becomes disabled. This provision is important because it ensures that the policy continues even if the policyowner is unable to pay due to disability.
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