About COLA Riders

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Updated: 3/27/2003 1:09 pm
Cola stands for cost of living adjustment. When you buy a cola rider, you prepare for economic adjustment in the future. Your benefit would compound by a given interest rate each year. Cola riders can be expensive, but are very helpful if you become disabled for an extended period of time. It's also possible to increase your insurance over time at set intervals, without taking a new physical. Consult an insurance agent in your area for more information.

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