QQuestionBusiness Management
QuestionBusiness Management
A Cost of Living rider gives the insured
A. tax incentives
B. monthly income
C. decreasing premiums
D. additional death benefits
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Answer
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Step 1Let me solve this problem systematically:
Step 2: Understand the Key Terms
A Cost of Living rider is a specific insurance policy feature designed to help protect the policyholder's benefits against inflation.
Final Answer
Additional death benefits Key Insight: The Cost of Living rider is designed to protect the real value of the insurance benefit by providing incremental increases to the death benefit, helping to offset the erosive effects of inflation over time.
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