When premium payments are waived due to the payor rider, what continues to remain in force?

When premium payments are waived due to the payor rider, the insurance contract remains in force. A payor rider is a provision typically added to a life insurance policy that allows the policyholder to have premium payments waived if they become disabled or die, while the insurance coverage continues for the insured individual, usually a child or dependent.

This feature ensures that even when the policyholder is unable to make payments, the policy benefits for the insured individual are preserved, and the terms of the contract continue to apply. The obligation to pay premiums is momentarily suspended, but the contract itself, which includes the promised benefits upon a covered event, stays valid. Thus, the protection provided by the insurance remains in force despite the waiving of premium payments, ensuring that the intended beneficiaries are still covered under the policy.