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2 votes
What benefit does the payor clause on a juvenile life policy provide?

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User Smitec
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1 Answer

5 votes
This provision states that if the payor or the person who pays the premium dies or becomes disabled before the child legally becomes an adult, the company will waive subsequent premiums on the policy up to that age. The annual premium for the benefit will depend on the age of the payor, age of the insured, and the type of plan.
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User Hythlodayr
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