Which rider waives the cost of insurance deductions from a universal life policy's cash value if the insured becomes disabled?

The waiver of monthly deductions rider is designed to protect the policyholder’s cash value in the event of a disability. If the insured becomes disabled and is thereby unable to pay premiums, this rider ensures that the cost of insurance deductions does not come out of the cash value of the universal life policy. As a result, the policy can continue to grow and remain in force without the financial burden of monthly deductions during the period of disability.

This rider is particularly beneficial as it helps to prevent the erosion of the cash value due to unpaid premiums, allowing the insured to maintain coverage and benefit from the policy even during times of financial hardship caused by disability. It focuses specifically on waiving the deductions associated with the policy rather than providing additional death benefits or income, which differentiates it from the other options.