Just curious with the rise in cost of living, if anyone one else is feeling an increase in rate would make sense? My insurance company doesn’t seem to account for inflation (not sure how all that even works) and I’m definitely feeling a loss with the raise in living costs! Too scared to reach out to the insurance company (don’t want to rock the now peaceful boat), so was wondering if anyone had any insights about that.
Thanks!
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Cost of living increases is a feature that is purchased when you buy the policy. If it wasn’t part of the insurance then they won’t give it to you for free. I am grateful for the CPPD inflation adjustment that’s for sure.
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Some policies include an increase each year, some don’t.
If you have a contact at the employer HR, you could ask for the policy summary for the year you went on disability.
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That is a good idea! Thanks 
I do have CPPD, but only $400/month…so not a significant enough of an amount to do anything even if there was an inflation increase…I’m happy for you though!
LTD policies either have or do not have inflation adjustment. It would need to be one of the feature of the policy when it was set up. If a policy does have inflation adjustment, then it mirrors the Bank of Canada annual inflation rate within certain maximum parameters. So if the maximum increase is 5% that is all you would get even if the Bank of Canada recorded inflation of 10% for the year.
David Brannen
Disability Lawyer with Resolute Legal
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