Which statement about "Waiver of Premium due to Disability" is false?

The statement that the insured has to die while disabled is false. The waiver of premium due to disability is a provision that allows a policyholder to stop paying premiums if they become totally disabled, without the requirement that they must die during this time. Instead, the focus is on maintaining life insurance coverage while the policyholder is unable to work or earn income due to their disability.

In this context, options that accurately describe the waiver of premium due to disability include that the policyholder is exempt from paying premiums while disabled, which ensures continued protection. Additionally, the insurer is obligated to maintain coverage during the period of disability, thereby guaranteeing that there will be no lapse in insurance protection. The definition of what constitutes a disability can indeed vary from one policy to another, making that detail valid as well. Hence, the focus of the correct answer highlights the misunderstanding that death must occur while disabled, rather than the relief from premium obligations during the period of disability.