What does a payor clause in insurance provide for?

The payor clause in insurance specifically provides for the continuation of coverage for a juvenile in the event of the payor's death. This clause is often included in life insurance policies or similar products where a parent or guardian is responsible for premium payments on a policy that covers a child. If the payor were to pass away, the payor clause ensures that the policy remains in force without requiring additional premium payments, safeguarding the child's insurance coverage during a critical time. This helps to prevent the loss of coverage due to financial hardship resulting from the death of the payor, ensuring that the juvenile continues to have access to the benefits of the insurance policy.