What is the “Inflation Benefit”?
The Inflation Benefit is how you want the policy's benefits to grow in
order to try to keep pace with the increasing costs of care.
Your Starting Daily Benefit will grow according to whichever
Inflation Benefit you choose for your policy. Your Maximum
Lifetime Benefit will also grow according to whichever Inflation Benefit
you choose.
There are two main types of Inflation Benefit:
Type 1: The premium starts off lower than Type 2, but as
the benefits increase, your premium also increases.
Type 2: The premium starts off higher than Type 1, but
the increases in the benefits each year do not make the premium go up
each year.