A father adds a Payor Benefit rider to a life insurance policy on his teenage daughter. Under what condition will the rider waive premium payments?

The Payor Benefit rider is a specialized feature in a life insurance policy designed to ensure that premiums are waived if the payor (in this case, the father) becomes disabled. Typically, this rider stipulates that the premium payments are waived under specific conditions related to the payor's disability.

In this scenario, the correct condition involves the father being disabled for a duration exceeding six months. The rationale for this policy is to provide a safety net that protects the insured individual (the daughter) from potential lapses in coverage due to the financial strain that might arise if the payor is unable to work for an extended period. Insurance companies usually require a threshold like six months to ensure that the payor's disability is significant and long-term, thus justifying the waiving of premiums.

The other options present different timeframes or conditions regarding the daughter's disability or the father's disability, but they do not align with the specific conditions defined by the typical terms of a Payor Benefit rider. It’s important to have these precise conditions laid out in the policy to avoid confusion and ensure that the rider functions as intended when needed.