What happens to the premiums of a policy if the insured is disabled and has a waiver of premium rider?

The premiums of a policy with a waiver of premium rider work to benefit the insured during a period of disability. When a waiver of premium rider is included in a life insurance policy, it typically stipulates that if the insured becomes disabled, the insurance company will waive the requirement to pay premiums for a specified duration of the disability, often starting from the moment the insured is deemed disabled. Therefore, the correct answer indicates that the premiums are waived from the start of the disability, allowing the insured to maintain the policy without the financial burden of monthly premium payments during a challenging time.

This rider provides significant financial protection and peace of mind, ensuring that the policy remains in force, and the insured does not have to worry about lapse due to non-payment while they are not able to earn an income due to their disability. In contrast, the other options suggest conditions that do not align with how a waiver of premium rider typically functions. For example, some mention delayed reimbursement or continued premium payments, which do not accurately reflect the benefits provided by such a rider.