Which reason does NOT justify adding a waiver of premium rider to a life insurance policy?

Adding a waiver of premium rider to a life insurance policy is designed primarily to ensure that the policy remains in force without the requirement for premium payments in case the policyholder becomes totally disabled. This rider alleviates the financial burden during a period when the policyholder may not be able to work.

The correct reasoning for why the choice about allowing the policy loan to cover premium payments is not a justification for adding this rider is that the rider itself specifically waives premium obligations directly due to total disability rather than relying on any existing loans. The intent of the waiver of premium is to provide peace of mind that the policy will continue even in the event of a significant financial or medical setback, rather than using loan funds, which could potentially incur interest and affect the total death benefit.

In contrast, the other justifications for the waiver of premium rider—including keeping the policy active during total disability, ensuring direct benefit payments, and providing coverage for premiums in the event of disability—are consistent with the core purpose of the rider. They emphasize the financial protections offered by the waiver when the policyholder is unable to work and meet insurance obligations due to health issues.