Disposiciones de Pólizas de VidaPregunta 425 de 716
A cost-of-living (COLA) rider on a life insurance policy is designed to:
a.Pay policy dividends to the owner in cash
b.Refund all premiums paid into the policy to the beneficiary along with the full face amount at the insured's death
c.Increase the death benefit periodically to offset inflation, usually without new evidence of insurability
d.Lower the premium a little each year
Explicación
A cost-of-living rider automatically increases the policy's death benefit at intervals, typically tied to an inflation index, so the coverage keeps pace with rising prices, and these increases usually require no additional evidence of insurability. It does not reduce premiums (increased coverage generally costs more), does not refund premiums, and is unrelated to paying dividends. The rider protects the real value of the death benefit against inflation over time.
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)