Which of the following describes a common feature of insurance policies with a waiver of premium clause?

The correct choice describes a common feature of insurance policies with a waiver of premium clause, which allows for the deferral of premium payments during certain circumstances, such as the insured becoming disabled. In such cases, the policy remains in force while premiums are not required to be paid until the insured recovers. This feature provides financial relief to the policyholder during challenging times, ensuring that they maintain their coverage without the burden of premium payments in the event of disability or specific health issues.

The other options do not accurately describe the function of a waiver of premium clause in insurance policies. While premiums are not completely eliminated, they are merely deferred, meaning that once the insured is able to resume regular activities, they would need to resume premium payments. The notion of permanently decreasing premiums or adding additional benefits is not a characteristic of this clause either. The main emphasis remains on the temporary relief from premium payments, which provides a safety net for the policyholder.