Do you Need Cost of Living Adjustment (COLA) Rider?

In this video, we discuss how the "COLA" Cost of Living Adjustment Rider works so you can decide whether or not you would prefer this on your contract.

Not all COLA riders are made the same.
-Some are 3% simple interest (Ameritas and OhioNational have this)
-Some are 3% compounding interest (Guardian, MassMutual and Standard have this)
-Some are 6% compounding interest (most let you select this if you want to)
-Some are floating 0-3% compounding interest (Principal is compounding but floats)
-Some are 0-6% or 2-6% compounding interest (Ameritas and OhioNational have this version)

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