It’s without question that the cost of healthcare will rise in the coming years. Helping your clients fight inflation is a great way to ensure they have the coverage needed as they age.
Inflation Protection
- The current maximum monthly benefit and remaining policy limit increase annually by the percentage the insured selects
- The increase occurs on each policy anniversary date for the length of time the insured selects – either for the life of the policy or for a limited period of time
Inflation Protection Buy-Up Option
- The buy-up option is only available on MutualCare® Custom Solution policies
- Each year, on or before the policy anniversary date, the insured can choose to increase his or her compound inflation protection to any percentage we offer. The insured must elect this option in writing
- Without question the cost of healthcare will go up in the coming years. Provide your clients with an optional inflation protection rider to assist with potential rising costs. The total level of inflation protection cannot exceed 5 percent
- The premium for the policy is based on the insured’s age at the time of the buy up; however, actual premium will include a premium credit based on type of coverage and how long the policy has been in force
For more information, check out the Product Guide.
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