Which insurance type is typically attached to juvenile policies to provide premium waivers?

The correct choice is Payor Provision. This provision is specifically designed for juvenile policies, which are life insurance policies taken out on the lives of children. The purpose of the Payor Provision is to ensure that if the policyholder (usually a parent or guardian) becomes disabled or passes away, the premiums for the juvenile policy will be waived. This is particularly important for juvenile policies as it helps maintain the coverage in the event of unforeseen circumstances that could otherwise result in the termination of the policy due to non-payment of premiums.

In the context of juvenile life insurance, this provision protects the policy's value and ensures that the child continues to maintain the benefits promised under the policy without the financial burden of premium payments during difficult times. This ensures that the investment in the policy is preserved for the child’s future, allowing it to accumulate cash value or provide a death benefit as intended.

The other options do not fulfill the same roles as the Payor Provision. Credit Life Insurance is meant to pay off debts upon the policyholder's death, Joint Life Policies cover multiple people but do not specifically address premium waivers for child policies, and Adjustable Life refers to a type of policy that allows modifications in premium payments or death benefits, which is not directly related to juvenile policies