The purchasing power of income from a long-term disability policy is protected by:

Name: The purchasing power of income from a long-term disability policy is protected by:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cost-of-living adjustment (COLA) provision in a long-term disability policy is specifically designed to protect the purchasing power of the income benefits by adjusting them in line with inflation or increases in the cost of living, ensuring that the value of the benefits does not erode over time.

The Purchasing Power of Income from a Long-Term Disability Policy