Which provision guarantees that premiums will be waived if a Juvenile Life policy owner becomes disabled?

The Payor Clause is the correct provision that ensures premiums will be waived if the policy owner becomes disabled. This clause is particularly relevant in juvenile life insurance policies, where the parent or guardian is typically the owner of the policy. If the payor, or policy owner, becomes disabled and is unable to make premium payments, the Payor Clause allows for the continuation of the policy without the need for premium payments during the period of disability. This helps protect the insured child’s life insurance coverage from lapsing due to non-payment of premiums caused by the owner's unforeseen disability.

While the Waiver of Premium Rider also waives premiums in the event of the insured being disabled, it is generally applicable to the policyholder themselves rather than specifically addressing juvenile policies where the payor is someone different from the insured. The Automatic Premium Loan provision allows for outstanding premiums to be paid with the policy's cash value, but it does not waive premiums due to disability. The Insured Rider typically refers to adding coverage for additional individuals under a primary policy rather than addressing premium payment waivers.