Sentences with phrase «inflation over the life of your policy»

This allows for automatic additional coverage, to help counter inflation over the life of your policy.

Not exact matches

To illustrate the issue, over the past 20 years, the cost of a new drug per year of a patient's life has risen from $ 50,000 to $ 250,000 after adjusting for inflation, according to Peter Bach, director of the Center for Health Policy and Outcomes at Memorial Sloan Kettering, who also spoke at the conference.

Inflation protection riders can be purchased with a single premium, over a defined number of years, or over the life of the policy.

Inflation protection riders can be purchased with a single premium, over a defined number of years, or over the life of the policy.

Accelerated benefit riders have effectively provided consumers with a greater level of control over their insurance protection, according to Jason Kestler, president and CEO of Kestler Financial Group headquartered in Leesburg, VA. «Clients are now able to start or stop a stream of income from their policies when they have a qualifying need, and many riders now also provide a cost - of - living adjustment to keep up with inflation.»

While buying the insurance policy, you may feel that a certain life cover amount will suffice at the moment, however, even a nominal inflation of 5 - 6 % can whittle down the real usable value of the cover by almost 50 % over a ten - year period.