A client wants to ensure her policy's death benefit keeps up with inflation. Which rider should she choose?

Choosing the Cost of Living Rider is ideal for a client who wishes to ensure her policy's death benefit maintains its value against inflation. This rider allows for periodic increases in the death benefit amount, typically tied to an inflation index or a specified percentage, without the need for evidence of insurability. As inflation rises, the purchasing power of a fixed death benefit can deteriorate, making this rider particularly valuable. By having the Cost of Living Rider, the client can rest assured that her beneficiaries will receive a benefit that is more reflective of the economic conditions at the time of her passing, thereby mitigating the adverse effects of inflation on the policy's value.

Other riders, such as the Accelerated Death Benefit Rider, provide access to policy funds under certain circumstances (like terminal illness) but do not directly address inflation. The Term Conversion Rider allows a term policy to be converted into a permanent policy, providing flexibility without offering inflation protection. The Guaranteed Insurability Rider enables the policyholder to purchase additional insurance at specified times without medical underwriting, but it also does not directly ensure that the current death benefit keeps pace with inflation.