Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
Cost of living riders address the ever-inflating cost of care. Typically, they are stated as annual increases of 5% — either simple or compounded. If benefits start at $100 per day in the first year, under simple interest they will be $105, $110, $115, $120, $150 in the 1st, 2nd, 3rd, 4th, and 10th years, respectively. Under the option to compound, they would be $105, $110.25, $115.76, $121.55, $162.89 in the 1st, 2nd, 3rd, 4th, and 10th years, respectively.