What is the primary function of a Disability Income Rider in life insurance?

The primary function of a Disability Income Rider in life insurance is to waive premiums during total disability. This rider is an additional provision added to a life insurance policy that protects the policyholder in the event they become totally disabled and are unable to earn an income.

By waiving premiums during the period of disability, this rider ensures that the life insurance coverage remains in force without requiring any premium payments from the policyholder. This is vital as the individual may be facing financial strain due to their inability to work. Thus, the Disability Income Rider provides peace of mind, allowing the insured to focus on recovery without the additional stress of maintaining premium payments.

The other options do not align with the function of a Disability Income Rider. The lump sum payment upon death refers to the standard life insurance benefit, which is unrelated to disability provisions. Increasing the death benefit amount is more associated with other riders or policy features, rather than a specific function of a Disability Income Rider. Lastly, offering a guaranteed return on investment is more closely related to certain investment products, not life insurance policies with disability riders. The rider specifically addresses income protection during total incapacity, highlighting its essential role in ensuring uninterrupted insurance coverage during a difficult time.