The cost-of-living rider typically bases increases in the policy face value on changes in the

Question

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The cost-of-living rider typically bases increases in the policy face value on changes in the consumer price index, which measures changes in the price level of a market basket of consumer goods and services purchased by households. This ensures that the policy benefits keep pace with inflation and maintain their real value over time.

The Cost-Of-Living Rider Typically Bases Increases in the Policy Face