Which of the following riders does NOT waive the premiums in the event of a disability?

The rider that does not waive premiums in the event of disability is the Guaranteed Insurability rider. This rider allows policyholders to purchase additional coverage at specified times without providing evidence of insurability, typically when certain life events occur, such as marriage or the birth of a child. While it offers valuable benefits by securing the opportunity to increase coverage, it does not provide any provisions regarding the waiver of premiums based on a disability.

In contrast, the Waiver of Monthly Deduction rider, Payor Benefit, and Waiver of Premium riders are specifically designed to address premium payments during times of disability. The Waiver of Premium rider eliminates the obligation to pay premiums if the insured becomes disabled, while the Waiver of Monthly Deduction rider applies to certain types of policies to cover the monthly costs during a period of disability. The Payor Benefit rider is designed primarily to waive premiums for a policy on a child's life if the policyholder becomes disabled. Each of these riders provides assistance with premium payments when disability occurs, which the Guaranteed Insurability rider does not offer.