What Does Automatic Increase in Benefit Provision Mean?

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What does Automatic Increase in Benefit Provision mean? Read on to discover the definition & meaning of the term Automatic Increase in Benefit Provision - to help you better understand the language used in insurance policies.

Automatic Increase in Benefit Provision

Automatic Increase in Benefit Provision

An automatic increase in benefit provision is an endorsement to disability insurance policies that increases the monthly benefit by a percentage previously agreed upon for a certain period of time.

We hope the you have a better understanding of the meaning of Automatic Increase in Benefit Provision.

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