Arkansas Life and Health Insurance Practice Exam 2025 – Complete Study Guide

An automatic increase clause is the appropriate term because it specifically refers to a contract provision that allows for periodic increases in benefits. Option B, a benefit accumulation rider, may not necessarily pertain to increasing benefits and is more general in nature. Option C, a cost of living adjustment rider, may also not pertain to increasing benefits and is more specific to adjusting benefits based on changes in the cost of living. Option D, an inflation protection rider, is similar to a cost of living adjustment rider and may not specifically refer to increasing benefits. Overall, option A is the most accurate and appropriate term for describing a contract provision allowing for periodic increases in benefits.