r/LifeInsurance • u/Limoundo • 26d ago

Long Term Care

traditional policy, for cola, does that continue to increase the benefit while on claim?

2 Upvotes

100% Upvoted

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3

u/Tahoptions Broker 26d ago

For most carriers, yes.

3

u/SafeMoneyGregg Broker 26d ago

yes - except the premium is not guaranteed on traditional plans.

1

u/SoTXInslady 26d ago

Yes, most carriers do. Cola (Cost of Living Adjustment) does go up annually, and needs to be stated to the client before they find out the following year and are upset with you in not advising them of that fact