Which provision ensures that premiums on juvenile insurance are waived if the premium payer dies or becomes disabled?

The Payor Provision is specifically designed to address the unique circumstances of juvenile insurance policies. This provision provides that if the individual responsible for paying the premiums (known as the premium payer) dies or becomes completely disabled, the insurance company will waive the premium payments. This ensures that the juvenile's coverage remains intact without financial burden on the family during a challenging time.

This provision is particularly important as it protects the insurance policy from lapsing due to non-payment while the child is dependent on the premium payer. Although other options listed relate to life insurance in different contexts—such as policies that combine the lives of multiple individuals or deal with adult coverage—they do not specifically address the situation of premium waiver for juvenile policies in the event of death or disability of the premium payer. The focus on supportive measures for juvenile insurance makes the Payor Provision the correct choice in this context.