Arthur Rudnick
Guru
- 1,652
Transamerica has just introduced a new optional inflation rider:
Tailored Compound Inflation Benefit (CBIO)
Prior to age 61, the benefit amounts will increase on the policy's anniversary date each year by 5% of the previous year's amount.
From ages 61 to 76, the benefit amount will increase each year by 3% of the previous year's amount.
After age 76, there will be no additional inflation increases.
Thoughts?
Tailored Compound Inflation Benefit (CBIO)
Prior to age 61, the benefit amounts will increase on the policy's anniversary date each year by 5% of the previous year's amount.
From ages 61 to 76, the benefit amount will increase each year by 3% of the previous year's amount.
After age 76, there will be no additional inflation increases.
Thoughts?