Under the cost of living adjustment rider, the policywill______________.
1) See an increase in its face value each year by a set percentage.
2) Only increase with the inflation rate. There will be an additional premium charged, but no evidence of insurability is required.
3) Allow the insured to purchase additional insurance with evidence of insurability.
4) Increase or decrease along with the CPI. The premium will adjust accordingly. No evidence of insurability is required.