Which of the following statements regarding the standard cost-of-living rider used with life insurance policies is NOT correct?
A) There is typically a percentage cap on the amount of yearly increase that is available to the policyowner with this rider.
B) A cost-of-living rider can involve attaching an increasing term insurance rider to the base policy.
C) This rider provides the policyowner with the option to increase the death benefit of her life policy to match an increase in the cost-of-living index.
D) There is no additional premium required to pay for increases in the death benefit resulting from the cost-of-living rider."
Ans: D) There is no additional premium required to pay for increases in the death benefit resulting from the cost-of-living rider."
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