Word forms: (regular plural) inflation riders
( Insurance : Life insurance , Pensions )
Inflation riders can adjust benefits annually based on a simple or compound fixed rate, or based on
the consumer price index.
The inflation rider option increases benefits according to a stated index each year after benefits begin
to be paid.
An inflation rider is a rider that can be added to a long-term care insurance plan that adjusts the
benefits over time to allow for inflation.
Collins English Dictionary. Copyright © HarperCollins Publishers