Inflation Protection
A rider that raises your long-term care benefit each year so it keeps up with rising costs.
What You Need to Know
Long-term care expenses climb 4-5% annually. Adding inflation protection (commonly 3% or 5% compound) increases your policy’s daily benefit each year, ensuring today’s coverage remains useful when you need care decades later.
Sources & References
This information is sourced from authoritative government and academic institutions:
- longtermcare.acl.gov
https://longtermcare.acl.gov/costs-how-to-pay/understanding-insurance.html
Related Calculators & Tools
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Related Terms in Healthcare & Insurance
ADLs (Activities of Daily Living)
Six basic self-care tasks—like bathing and dressing—that determine long-term care eligibility.
Any Occupation
Disability coverage that only pays benefits if you cannot work in any reasonable job based on your experience and education.
Assisted Living
Housing for people who need help with daily tasks but not round-the-clock medical care.
Beneficiary
The person, trust, or organization that receives the life insurance payout.
Benefit Period
How long your disability insurance will pay benefits once a qualifying claim is approved.
Cash Value
The savings component inside certain permanent life insurance policies.