A young employee is buying individual life insurance and is worried about the impact inflation will have on his life insurance coverage. Which of the following riders should he consider?

Question

Quizplus · Accepted Answer

The best rider for the young employee worried about the impact of inflation on his life insurance coverage is cost-of-living protection. This rider would increase the policy’s death benefit to keep up with inflation without requiring the insured person to provide additional evidence of insurability or undergo another underwriting process. This ensures that the death benefit will maintain its purchasing power over time, giving the insured person peace of mind.

A Young Employee Is Buying Individual Life Insurance and Is