RELATIONSHIP OF COST OF CARE AND BENEFITS. Because the costs of the long-term care services will likely increase over time, You should consider whether and how the benefits of the Policy may be adjusted.
RELATIONSHIP OF COST OF CARE AND BENEFITS. Because the costs of long-term care services will likely increase over time, You should consider whether and how the benefits of the Policy may be adjusted. Unless You select [one of] the [5%] Compound Annually for Life Inflation Protection Rider[s], [the Simple Increases Annually for Life Inflation Protection Rider], [or] [one of the CPI-U Benefit Increase Options,] ([all] described below), the Policy benefit levels will not increase over time without additional underwriting or health screening. [a.] [3], [4] or 5% Compound Annually for Life Inflation Protection Rider. If one of these optional Riders are selected, We will increase all of the Maximum Daily Benefit(s) and the Lifetime Maximum Benefit(s) on each Policy Anniversary Date while both the Policy and the Rider are in force. Each annual increase will be [3%], [4%], or 5% of the Maximum Daily Benefits just prior to the increase, depending upon Your selection. All Lifetime Maximum Benefits will be increased by the same percentage. When calculating the Lifetime Maximum Benefits, claims which have been paid will not be considered. Your coverage will increase without additional underwriting or health screening. Your premiums, however, will not increase as a result of the increases provided for by this optional rider. If You do not want the 5% Compound Annually for Life rider You must positively reject the offer in the Acknowledgement section of Your application before You can select any other inflation protection options.
RELATIONSHIP OF COST OF CARE AND BENEFITS. Because the costs of long-term care services will likely increase over time, You should consider whether and how the benefits of the Policy may be adjusted. Unless You select the 5% Compound Annually for Life Inflation Protection Rider, the Simple Increases Annually for Life Inflation Protection Rider, or the CPI-U Benefit Increase Offer Rider, the CPI-U +1% Benefit Increase Offer Rider or the CPI-U +2% Benefit Increase Offer Rider (all described below), the Policy benefit levels will not increase over time without additional underwriting or health screening.
