Cost of Living Increase for Long-Term Care Insurance

This optional rider gives the opportunity to increase benefits every three years without additional underwriting, up to a specified age (usually around 80 year of age). The amount of the benefit increase offer will be tied to the Consumer Price Index and the premium charge for the increase in coverage will be based on your attained age. If you refuse two consecutive offers to increase your benefits, no further increases will be offered. Also, your option to increase benefits will not be available if, during the two years prior to your benefit increase offer, you had received benefits under your policy.

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