Insurance Inflation Protection

You bought a policy that pays $1 million to your loved ones when you one day meet your maker. But you know that, in 40 years, it may cost a million bucks just to buy a Prius. Thank you, inflation.

So your policy adjusts, such that you pay a bit more each month...but then also have the feature set so that the payout is in $1 million in today dollars, which go up with inflation over time.

So if a year goes by and inflation was 3%, the new payout is $1,030,000. And it compounds. So that your loved ones are inflation-protected.