Whose coverage would NOT be justified for the waiver of premium rider?

The waiver of premium rider is designed to ensure that a policyholder does not have to pay premiums during a period of total disability that prevents them from earning an income. When the policyholder becomes totally disabled, the rider activates to cover the premiums, ensuring that their life insurance policy remains in force without the need for payment during a challenging time.

Choosing to use a policy loan to cover premium payments does not involve a waiver of premiums due to incapacitation or inability to pay. Instead, policy loans are an option that allows the policyholder to borrow against the cash value of their policy, which is generally a financial strategy rather than a protective measure due to loss of income or disability.

Using the waiver of premium rider to ensure continued coverage makes sense as it directly relates to the protection and maintenance of the insurance policy when the policyholder is unable to work. Similarly, prolonged unemployment alone may not qualify for a waiver, as the rider typically requires total disability, not just a loss of employment.

In summary, the correct answer highlights that the waiver of premium rider is not applicable when considering policy loans as a means of paying premiums, as this does not align with the intent of the rider focused on total disability and ensuring coverage during times of significant personal hardship.