What does the waiver of premium provision or rider provide?

The waiver of premium provision or rider is designed to protect the insured in the event of disability. Specifically, it waives the requirement to pay future premiums if the insured becomes disabled for a specified period of time, allowing their life insurance coverage to remain in force without the financial burden of premium payments during their inability to work. This provision is particularly beneficial for individuals who may experience extended periods of disability, as it ensures that they do not lose their valuable life insurance coverage due to an inability to pay premiums.