A settlement option under which equal installments are paid as long as the beneficiary lives, even if the principal has been exhausted.
A settlement option under which equal installments are paid as long as the beneficiary lives, even if the principal has been exhausted.
Designed to adjust policy benefits in relation to the change in the economic climate. The majority of such riders are tied to changes in the Consumer Price Index (CPI). The amount of insurance may be automatically increased, without evidence of insurability, at predetermined periods for a maximum amount.


