Compound Inflation: The cost of long term care services is likely to be higher years down the road when you need it most. An optional inflation protection rider allows policy benefits to increase to assist with potential rising costs. Here’s how it works:
- The current maximum monthly benefit and remaining policy limit increase annually by the percentage the insured selects
- The increase occurs on each policy anniversary date for the life of the policy
- Lifetime compound inflation options available – 1%, 2%, 3%, 4% and 5%