What Does Cost of Living Rider Mean?

Free Business Insurance Quote Click Here
What does Cost of Living Rider mean? Read on to discover the definition & meaning of the term Cost of Living Rider - to help you better understand the language used in insurance policies.

Cost of Living Rider

Cost of Living Rider

A (COL) rider available with some policies that provides for an automatic increase in benefits (typically tied to the Consumer Price Index), offsetting the effects of inflation.

We hope the you have a better understanding of the meaning of Cost of Living Rider.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here