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 _____.
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Question

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The cost-of-living adjustment (COLA) provision is designed to protect the purchasing power of income received from a long-term disability policy by adjusting payments for inflation. This ensures that the amount of income received from the policy keeps up with the rising cost of living over time.

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