How is the insured protected if a payor benefit rider is attached to the life insurance policy?

The payor benefit rider is designed to provide financial protection in the event that the premium payor – often a parent or guardian – dies or becomes disabled. When this rider is attached to a life insurance policy, it waives the premiums due on the policy, ensuring that the insured individual – usually a child or young person – remains covered without the need for ongoing payments. This feature is particularly beneficial, as it ensures that the insurance coverage continues during a challenging time, preventing lapses in the policy that could occur due to the loss of the premium payor's income or ability to manage finances due to disability.

In contrast, other options do not align with the function of the payor benefit rider. Doubling premium payments does not provide additional coverage or protection. Similarly, automatically increasing coverage after an accident or converting the policy to a whole life format addresses different aspects of insurance and does not relate to the intent of the payor benefit rider. Thus, the correct answer accurately reflects the protective measure the rider affords to the insured in difficult circumstances.