Transamerica has just introduced a new optional inflation rider:
Tailored Compound Inflation Benefit (CBIO)
Prior to age 61, the benefit amounts will increase on the policy's anniversary date each year by 5% of the previous year's amount.
From ages 61 to 76, the benefit amount will increase each year by 3% of the previous year's amount.
After age 76, there will be no additional inflation increases.
Thoughts?
Source of insurance-forums.net
Tailored Compound Inflation Benefit (CBIO)
Prior to age 61, the benefit amounts will increase on the policy's anniversary date each year by 5% of the previous year's amount.
From ages 61 to 76, the benefit amount will increase each year by 3% of the previous year's amount.
After age 76, there will be no additional inflation increases.
Thoughts?
Comments
Post a Comment