Common use of Inflation Protection Clause in Contracts

Inflation Protection. This Benefit provides for the annual increase of benefits to help offset the effects of inflation. The 5% Compounded Annually for Life Inflation Protection applies to all Benefits of the Policy, unless You were age 70 or older at the time the Policy was issued AND You elected the 5% Simple Annual Inflation Protection. The 5% Simple Annual Inflation Protection applies to all Benefits of the Policy.

Inflation Protection. This Benefit provides for the annual increase of benefits to help offset the effects of inflation. The 5% Compounded Annually for Life Inflation Protection applies to all Benefits of the Policy, unless You were age 70 or older over at the time the Policy was issued AND You elected the 5% Simple Annual Inflation Protection. The 5% Simple Annual Inflation Protection applies to all Benefits of the Policy.