# Cost of Living Increase/Adjustment

**URL:** <https://forum.resolutelegal.ca/t/cost-of-living-increase-adjustment/4117>\
**Category:** Disability Insurance\
**Created:** [August 27, 2023, 4:07am UTC](https://forum.resolutelegal.ca/t/cost-of-living-increase-adjustment/4117 "2023-08-27T04:07:52Z")\
**Posts on this page:** 6\
**Page:** 1

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**Author:** ![Harvey23](https://avatars.discourse-cdn.com/v4/letter/h/a87d85/32.png) [@Harvey23](https://forum.resolutelegal.ca/u/Harvey23)\
**Post date:** [August 27, 2023, 4:07am UTC](https://forum.resolutelegal.ca/t/cost-of-living-increase-adjustment/4117/1 "2023-08-27T04:07:52Z")

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Hi all,

Under “Cost of Living Adjustment”

It says, “The monthly benefit payable, after all reductions have been applied, shall be increased annually beginning with the date three years following the date of your first benefit payment. The amount of the increase shall be 3%”

If I started my LTD on Nov 2020, based on the description above I am eligible for the increase on Dec 2023 based on the math below:  
Nov 2020 - Nov 2021 = Year 1  
Nov 2021 - Nov 2022 = Year 2  
Nov 2022 - Nov 2023 = Year 3

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**Author:** ![Caro](https://avatars.discourse-cdn.com/v4/letter/c/b19c9b/32.png) [@Caro](https://forum.resolutelegal.ca/u/Caro)\
**Post date:** [August 27, 2023, 6:28am UTC](https://forum.resolutelegal.ca/t/cost-of-living-increase-adjustment/4117/2 "2023-08-27T06:28:19Z")

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Nov-Oct so should be Nov increase

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**Author:** ![stalance](https://avatars.discourse-cdn.com/v4/letter/s/c2a13f/32.png) [@stalance](https://forum.resolutelegal.ca/u/stalance)\
**Post date:** [October 27, 2023, 6:52pm UTC](https://forum.resolutelegal.ca/t/cost-of-living-increase-adjustment/4117/3 "2023-10-27T18:52:43Z")

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Is it normal for insurers to give cost of living increases on LTD? I didn’t even realize that they did that, I guess I will have to read through their terms and condtions document again.

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**Author:** ![Caro](https://avatars.discourse-cdn.com/v4/letter/c/b19c9b/32.png) [@Caro](https://forum.resolutelegal.ca/u/Caro)\
**Post date:** [October 27, 2023, 9:38pm UTC](https://forum.resolutelegal.ca/t/cost-of-living-increase-adjustment/4117/4 "2023-10-27T21:38:22Z")

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It’s a rider for extra cost. I think most don’t have a COLA.

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**Author:** ![stalance](https://avatars.discourse-cdn.com/v4/letter/s/c2a13f/32.png) [@stalance](https://forum.resolutelegal.ca/u/stalance)\
**Post date:** [January 5, 2024, 8:26pm UTC](https://forum.resolutelegal.ca/t/cost-of-living-increase-adjustment/4117/5 "2024-01-05T20:26:44Z")

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I’m guessing that if your policy wording is silent on the COLA increase, then it isn’t in your policy I guess.

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**Author:** ![Harvey23](https://avatars.discourse-cdn.com/v4/letter/h/a87d85/32.png) [@Harvey23](https://forum.resolutelegal.ca/u/Harvey23)\
**Post date:** [January 6, 2024, 4:19am UTC](https://forum.resolutelegal.ca/t/cost-of-living-increase-adjustment/4117/6 "2024-01-06T04:19:43Z")

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Yes it needs to be listed in your policy. I had the original post in this thread and I did get my cost of living increase as stated.