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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
August 31, 2004 at 08:00 PM
NU Online News Service, Aug. 31, 2004, 3:21 p.m. EDT
MetLife Inc., New York, has introduced an automatic increase benefit rider for some individual disability insurance policies.[@@]
Policyholders who buy the rider get a few years of automatic inflation protection without having to provide additional evidence of continued insurability.
The rider automatically increases the base monthly benefit by 5% each year for the first 5 years that the policy is in effect. After the policy has been in effect for 5 years, the policyholder must get financial and underwriting approval to renew the automatic increase rider, MetLife says.
The rider itself is free, but the policyholder must pay for the additional coverage when the level of coverage increases.
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