Marcus is concerned that inflation will erode the purchasing power of the face value of his life insurance policy
His agent suggested that Marcus add a provision that allows him to purchase one-year term insurance equal to the percentage change in the consumer price index without having to demonstrate insurability. This provision is called a(n)
A) cost-of-living rider.
B) guaranteed purchase option.
C) accelerated death benefit rider.
D) waiver-of-premium rider.
Answer: A
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