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Insurance Glossary

Industry jargon and unfamiliar terminology can be confusing.

No insurance resource would be complete without a helpful menu of terms and concepts. This information-rich list will help you make sense of the solutions you are considering.

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Compound Inflation Option

​A rider available with Long Term Care insurance policies. Increases the monthly or daily benefit and total pool of money each year on the policy anniversary by 3% or 5% of the previous year's amount.