What is the primary purpose of a Waiver of Premium rider in a life insurance policy?

The primary purpose of a Waiver of Premium rider in a life insurance policy is to maintain coverage if the insured becomes disabled. This rider ensures that if the policyholder becomes unable to work due to a qualifying disability, they will not need to pay premium payments for the duration of their disability. As a result, the life insurance coverage remains in force, providing financial protection to the insured and their beneficiaries despite the policyholder's inability to earn an income and pay premiums during that time.

The rider specifically addresses situations where the insured's inability to pay premiums due to disability could otherwise result in the termination of the policy, thus highlighting the importance of continued coverage during challenging times. Without this rider, the insured might lose their life insurance protection at a time when it is most needed.