Inflation can have a tremendous eroding effect on the purchasing power of benefits that are received from a disability income policy. What type of supplementary benefit rider can be used by the insured to offset the effects of inflation ?

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Inflation can have a tremendous eroding effect on the purchasing power of benefits that are received from a disability income policy. What type of supplementary benefit rider can be used by the insured to offset the effects of inflation ?

A.Social insurance supplement rider

B.Guaranteed purchase option rider

C.Cost of living adjustment rider

D.Inflation offset rider

Answer: C.Cost of living adjustment rider

The above question Inflation can have a tremendous eroding effect on the purchasing power of benefits that are received from a disability income policy. What type of supplementary benefit rider can be used by the insured to offset the effects of inflation ?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.