Because inflation reduces your buying power, coverage that may seem adequate today may not be enough to maintain your loved ones’ standards of living 15 or 20 years from now.

Inflation is inevitable, but there are a few strategies you can use to help prevent it from dismantling the Life insurance you’ve put in place:

• Boost your coverage. If you already have Life insurance, adding additional coverage may be the easiest way to keep pace with inflation. A periodic coverage boost not only allows you to correct for inflation, but also to adjust for your changing needs. It’s important to review your coverage and course-correct as the years go on.
• Don’t decline your Automatic Benefit Increases (ABIs). This feature automatically increases your insurance benefit, repeatedly, for a set number of years, even if your health fails and you become uninsurable. Group insurance through this program provides ABI’s through which your coverage can double over 10 years.² You may decline new ABIs at any time, but once declined, they cannot be resumed. So think carefully before you decline your annual ABI.
• Add or supplement your Accidental Death (AD) insurance. Generally more affordable than Life insurance, AD pays your beneficiary if you die from a covered accidental injury. With premiums at less than $0.20 per day for $100,000 of coverage, it’s an affordable way to boost your protection. And because there are no health questions, you can always add more AD coverage, even if you can’t qualify for more Life insurance.

Inflation protection is an essential part of your financial plan’s long-term success, so don’t delay in securing the additional protection your family may need.

¹ US Bureau of Labor Statistics, June 2022.
² Subject to the normal activities provisions provided on this website. For Core Life QuickDecision applicants, ABIs are 5% during each of the first 10 years, allowing your coverage to increase by 50%.