Which of the following statements regarding a cost of living rider on a life insurance policy is not correct?

Insurance

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Which of the following statements regarding a cost of living rider on a life insurance policy is not correct?

A) A cost of living rider seeks to protect against inflation’s erosion of life insurance policy values.

B) The cost of living rider provides increases in insurance without requiring the insured to provide evidence of insurability.

C) All insurance companies offer cost of living riders.

D) An inflation index determines the amount of inflation adjustment that must be made to the policy up to a maximum percentage increase.

Answer: C

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