Which disability policy provision would address concerns of the value of benefits decreasing over time?

The cost of living benefit is designed to address concerns regarding the diminishing value of disability benefits due to inflation over time. When an individual is receiving disability benefits, the purchasing power of those benefits can decrease as the cost of living rises. This provision typically allows for periodic increases in the benefit amount, often aligned with a recognized inflation index, ensuring that the benefits maintain their intended purchasing power throughout the duration of the policy.

In contrast, lifetime benefits pertain to the duration of time one can receive benefits, accidental death benefits provide payouts specifically in the event of a death caused by an accident, and disability income benefits relate to the amount received during a period of disability but do not inherently include adjustments for inflation. Therefore, the cost of living benefit is the provision specifically designed to counteract the effects of inflation on disability benefits.