What happens after six months of premium nonpayment under the Waiver of Premium Rider?

The Waiver of Premium Rider is a provision that ensures the policyholder's premium payments are waived in the event they become disabled or unable to work for a certain period, typically six months or longer.

After six months of premium nonpayment due to a qualifying disability, the correct outcome is that the requirements of the Waiver of Premium Rider come into effect, allowing the policy to continue without needing the policyholder to pay the premiums during that time of disability. This means that any missed premiums do not need to be paid back immediately or reinstated as long as the disability continues and the policy remains in force.

If the policyholder meets the conditions specified in the Waiver of Premium Rider, the premium payments will essentially be "forgiven," but the policy does not face cancellation, and there are no health requirements for reinstatement as long as the waiver is applied correctly during the period of disability.

In contrast, options that suggest permanent cancellation without a refund or the need to fulfill health requirements for reinstatement do not accurately reflect the purpose of the Waiver of Premium Rider, which is designed to protect the policyholder during a period of financial difficulty due to disability. Therefore, the correct answer emphasizes the continued protection of the policy and the lack of requirement for