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What is inflation protection and are there different types?

April 26, 2017different inflation types

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What is inflation protection and are there different types?

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A. There are many different types of inflation protection offered. The compound interest benefit is the best and is also the most expensive. Many carriers also offer a simple interest inflation protection. Some carriers provide an increase in daily benefit tied to inflation. Generally this type of inflation protection also increases the premium if elected. For this reason it is important to understand the type of inflation protection selected and its effect on both premium and benefits. For more information, contact our customer service area.