Most of us understand that the value of a dollar changes over time due to inflation and the evolving cost of living. However, when you’re considering your disability insurance options, you might not assess how far your monthly benefit will go in five to ten years. What may seem like an adequate recovery may quickly become insufficient as the cost of living rises. Disability policyholders concerned about the sufficiency of their coverage over an extended period can purchase a supplemental cost-of-living adjustment (COLA) rider that will result in a steady increase in their benefits as time passes. Keep reading to […]
The post What Is a COLA Rider and Do I Need One on My Disability Insurance Policy? appeared first on Bryant Legal Group PC.