What is true regarding a Waiver of Premium Rider on a participating whole life policy?

The Waiver of Premium Rider is an important feature in a participating whole life insurance policy, designed to provide financial relief to policyholders who become disabled. When this rider is included in the policy, it allows premiums to be waived if the insured becomes totally disabled. This means that during the period of disability, the policyholder does not have to make premium payments, ensuring that the life insurance coverage remains in force without any financial burden.

The correct answer highlights that premiums are waived until the insured recovers from their disability. This condition is critical because it specifically ties the waiver of premiums to the insured's status of disability; once the insured recovers, they are then responsible for paying the premiums again. This rider offers peace of mind, knowing that one's life insurance coverage won’t lapse during a difficult time when financial resources may be constrained due to disability.

In contrast, the incorrect options misrepresent the nature and terms of the Waiver of Premium Rider. For instance, the notion that premiums are waived for the life of the insured suggests a permanent waiver without regard to the status of the disability. The idea that premiums are waived until the policy is sold introduces an irrelevant condition that does not reflect the purpose of the rider. Lastly, suggesting that premiums require no evidence