The recommended policy rider in this situation is the Waiver of Premium, which would waive premium payments if the parents are unable to pay due to death or disability, ensuring the policy remains active.
Waiver of premium would be the recommended policy rider in this scenario. This rider would waive the premium payments if the parents become unable to pay due to death or disability, ensuring that the policy remains active.
For example, if one of the parents passes away or becomes disabled, the insurer would waive the premium payments, allowing the policy to continue without the risk of lapsing.
This rider provides financial protection for the family and ensures that the child's life insurance coverage remains intact even if the parents face unforeseen circumstances.
https://brainly.com/question/30511740