MLchartDataset catalogue

Compound inflation rider

Term · Insurance and risk management · MLC-T-INS-000873

An optional provision added to a long-term care insurance policy that increases the daily benefit amount by a fixed percentage each year, compounded annually. This rider is designed to protect the policyholder's purchasing power against the rising costs of long-term care services over time. A common compound inflation rate is 5% per year.

Table 1. Record
IdentifierMLC-T-INS-000873
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000873",
  "term": "Compound inflation rider",
  "field": "Insurance and risk management",
  "definition": "An optional provision added to a long-term care insurance policy that increases the daily benefit amount by a fixed percentage each year, compounded annually. This rider is designed to protect the policyholder's purchasing power against the rising costs of long-term care services over time. A common compound inflation rate is 5% per year.",
  "url": "https://mlchart.com/terminology/insurance/compound-inflation-rider/"
}

Record 681 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.